Urangan, Queensland

Management Rights $1,200,000 Neg.

Property Description

HUGE PRICE REDUCTION on this Outstanding 5 Star Resort - Fraser Coast - 1P0902MR

. Superb Management Rights for Sale, consisting of 61 Stunning luxury apartments.
. 25 year Agreement in place to October 2037
. High Return on Investment.
. A large 3 bedroom manager's residence incl. double lock up garage.
. Currently run under management.
. Wonderful location with a short stroll to cafes, shops, bars, beach and harbour.
. Net Profit $191,000
. Unit $400,000; Business $800,000

Property Summary

Business Snapshot

Price: Management Rights $1,200,000 Neg. Net Profit: $191,000 Remuneration / Body Corp Salary: $64,998Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $400,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: MixedStar Rating: 5Total Units in Complex: 61Total Units in Letting Pool: 50Holiday Units: 50Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesSauna: YesBBQ Area: YesPay TV: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Fraser Coast

Marketing Agent


Marketing Agency

CRE Brokers

Ronnie Slebos
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Urangan, Queensland 4655 Exact map location not provided

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