UNDER OFFER - 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 a total 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 $374,762 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 season, heritage listed Fraser Island, Queensland's most advanced regional hospital, and numerous large sporting events that keep bringing visitors back to the region year after year.
TOTAL NUMBER OF UNITS : 36
UNITS IN LETTING POOL : 27 + 8 external
MANAGERS RESIDENCE : 2 bed, 2 bath plus large courtyard – pets allowed
NET PROFIT $374,762
REAL ESTATE PRICE $475,000
BUSINESS PRICE $1,600,000
TOTAL ASKING PRICE $2,075,000
Price: Management Rights $2,075,000
Net Profit: $374,762 Remuneration / Body Corp Salary: $62,454Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $475,000Bedrooms: 2Bathrooms: 2Office: On TitlePets OK: Yes
Complex InformationComplex Type: HolidayTotal Units in Complex: 36Total Units in Letting Pool: 27Holiday Units: 27Owner Occupy Units: 9Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 years
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS