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
Price: Management Rights $2,050,000
Net Profit: $356,000 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: 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