Torquay, Queensland

Management Rights $715,000

Property Description

Management Rights on the Esplanade at Torquay - 1P4363MR

EXCLUSIVE TO CRE BROKERS. Small building (12 units), easy to operate in ideal location opposite the beach on the popular Esplanade.

Here is a beach unit with water views plus a business with an income of $114,000 pa, for less than the price of a Sydney Apartment!

If you've never been in Management Rights this is a good business in which to start with a complex that's small enough to be managed by 1 person and yet creates a generous income whilst living in a great location across the road from the beach. There is no gym, no sauna, or BBQ area to look after. For pet lovers a dog or cat is no problem, and the manager's unit has sole access to a garden/courtyard area for your furry friend.

Hervey Bay enjoyed record tourism numbers in 2018, with the Fraser Coast Tourism Board recording the highest number of visitors since 2018. Contact Ronnie - CRE's Central Queensland representative – for further details.

NET PROFIT: 113,923

REAL ESTATE PRICE: $320,000
BUSINESS PRICE: $395,000
TOTAL: $715,000

Property Summary

Business Snapshot

Price: Management Rights $715,000 Net Profit: $113,923 Remuneration / Body Corp Salary: $27,145Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $320,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: Exclusive UsePets OK: Yes
Spacious with exclusive access to a garden area that your dog could run around in. Modern kitchen and a north-east facing balcony with water view.

Complex Information

Complex Type: MixedTotal Units in Complex: 12Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 2Manager Units: 1Agreement Module: StandardAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: Yes

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 )

Torquay, Queensland 4655 Exact map location not provided

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