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

Business Snapshot

Price: Management Rights $2,050,000 Net Profit: $356,000 Remuneration / Body Corp Salary: $62,454Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $475,000Bedrooms: 2Bathrooms: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: n/aTotal 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

Marketing Agent


Marketing Agency

CRE Brokers

Ronnie Slebos
CRE Brokers

Phone

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Property Map

Map Location ( get directions )

Scarness, Queensland 4655 Exact map location not provided

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

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