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!!
Net Profit: $307,000 Remuneration / Body Corp Salary: $50,300
Managers UnitValue of Managers Apartment: $450,000Bedrooms: 3
Complex InformationComplex Type: ResortTotal Units in Complex: 35Total Units in Letting Pool: 28Holiday Units: 28Owner Occupy Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 22 years