Scarness, Queensland

Management Rights $2,050,000

Property Description

Management Rights - Scarness Beachfront - 1P4283MR

EXCLUSIVE TO CRE BROKERS. Prime location Holiday Resort - the first choice of many celebrities when they visit Hervey Bay.

A high-rise consisting of 36 apartments, 2 and 3 bedroom, and all able to be locked down as required by demand.

Long term agreements on Accommodation Module with 17 years remaining and a Holman's verified net of $356,000 makes this one of the very the best Management Rights Investments on the Australian Eastern Seaboard.

Hervey Bay features multiple attractions that bring record-breaking visitor numbers each year including the annual humpback whale migration, heritage listed Fraser Island, Queensland's most advanced regional hospital and numerous large sporting events.

TOTAL NUMBER OF UNITS : 36
UNITS IN LETTING POOL : 27

MANAGERS RESIDENCE : 2 bed, 2 bath plus large courtyard – pets allowed

NET PROFIT : $356,000

REAL ESTATE PRICE : $475,000
BUSINESS PRICE : $1,575,000
TOTAL ASKING PRICE : $,2050,000

Property Summary

Managers Unit

Complex Information

Total Units in Complex: 0

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS

Marketing Agent


Marketing Agency

CRE Brokers

Craig Clark
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Scarness, Queensland 4655 Exact map location not provided

Similar Properties

SCARNESS
Exceptional Fraser Coast Investment

$2,050,000
Net Income: $356,000
Managers Estate: $475,000 2 Bed 1 Bath
Letting Pool: 26
Remuneration: $62,454

RAAS Group