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