Receiver and Managers Appointed

Hervey Bay, QLD, Australia

Property Info

Location
Hervey Bay, QLD, Australia
Price
$375,000
Property Type:
Fraser Coast Management Rights
Status:
For Sale
Code :
H801

Property Description

Santalina on Hervey Bay is a waterfront property located on the Esplanade at Urangan.
The property is a 3 story walk up style complex, comprising 14 units with a front and rear building, all set in tropical gardens, with a lagoon style pool central in the complex.

Offering 3.5 star accommodation, Santalina has become a popular destination for many tourists, offering mid priced accommodation with comfortable and well presented units, close to shops, restaurants and the famous Hervey Bay Esplanade. Long agreements to 31 December 2028 plus two 5 years options.

In conjunction with the Receiver and Manager, the Management Rights and managers unit are now being offered for sale.

  • Net income $65,570 as at end March 2019. (based on 5-7 in letting pool)
  • Growth in Letting pool, now at 10 so net income has increased.
  • Long agreements.
  • Asking $375k including managers residence and business.

Financial Details

Nett Income:
$65,570
Remuneration:
$20,030

Manager's Unit

Number of Bedrooms:
3
Manager's Unit Value:
$275,000

Letting Rights

Agreement Term:
25 years
Agreement Remaining:
19 years
Units in Letting Pool:
10
Outside Agents:
3

Property Facilities

  • Swimming Pool
  • Cable TV
  • Security Undercover Parking
  • WI-Fi
  • BBQ Facilities

Map

Contact Agent


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The Fraser Coast region is rich in diversity and natural beauty. Discover the beauty of World Heritage Listed Fraser Island, the largest sand island in the world and the only place on the planet where rainforest grows from sand. Australia's whale watching capital from August to November, Hervey Bay also offers 20 kilometres of sweeping golden beaches and a beautiful, safe aquatic playground.

Dotted along the mainland of the Great Sandy Strait lie the seaside townships of Rainbow Beach, Tin Can Bay, Tinnanbar, Poona, Tuan, Boonooroo and Maaroom, while rich in history and culture, Maryborough is one of Queensland's oldest and largest provincial cities.

The nature of the Management Rights business is one of constant change. If you cannot find what you are looking for please check back often as the site is constantly updated to reflect the listings that we manage.

If you are interested in purchasing Fraser Coast Management Rights please check listings above and contact us.

 

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