Torquay, Queensland

1600000

Property Description

Hervey Bay Beauty

The accountants numbers in this investment speak for themselves; a net of $307,000 per annum which has been steadily increasing for the last 3 years; a business managed by 1 person, a low multiplier and spacious managers unit make for an exceptional investment opportunity.

Either jump in and manage it yourself for excellent returns whilst living in the tourism heart of Hervey Bay - the access point to Fraser Island and the annual Humpback Whale migration season. Or purchase and appoint a quality manager and still get around 12% ROI on your investment.

The current manager has been here for 11 years and wants to retire!!

Property Summary

Business Snapshot

Price: 1600000 Net Profit: $307,000 Remuneration / Body Corp Salary: $50,300

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 3

Complex Information

Complex Type: ResortTotal Units in Complex: 35Total Units in Letting Pool: 28Holiday Units: 28Owner Occupy Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 22 years

Marketing Agent

  • Ronnie Slebos

  • 0414 964 333
  • 0414 964 333
  • send email

Marketing Agency

RAAS Group

RAAS Group

RAAS Group

Ronnie Slebos
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Torquay, Queensland 4655 Exact map location not provided

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