A Standout Business

Hervey Bay, QLD, Australia

Property Info

Location
Hervey Bay, QLD, Australia
Price
$ 2,050,000
Property Type:
Fraser Coast Management Rights
Status:
For Sale
Code :
S107

Property Description

First time on the market in 7 years, these apartments are the number one choice of accommodation in Hervey Bay, high profile and very sought after. Linked to major corporate travel agencies with very strong repeat corporate accounts and bookings. Consistently booked out year to year for Christmas, Easter and events.

Resort facilities include a 25 metre heated lap pool, children’s wading pool, hot spa, sauna, gym & BBQ area in botanical garden setting.

Very easy simple administration and maintenance systems in place. Admin and housekeeping staff solid, loyal and long term. Strong relationship with letting pool owners, with almost all apartments refurbished or owners agreeing to some further refurbishment. Good solid relationship with Body Corporate. Current Managers live off site with approval from Body Corporate and caretaker is in place.

Huge Managers apartment can be utilised as 2 bedroom and study nook or 1 bedroom and study nook with large office or reception office. Raised garden bed at rear of Apartment also on title for possible later build. Kitchen renovated with stone benches approx. 18 months ago. New carpets, new paintwork throughout. Two modem bathrooms.

Financial Details

Nett Income:
$347,022
Remuneration:
$56,000 (exc GST)

Manager's Unit

Number of Bedrooms:
2
Manager's Unit Value:
$520,000

Letting Rights

Agreement Term:
25 years
Agreement Remaining:
20 years
Units in Letting Pool:
28

Property Facilities

  • Swimming Pool
  • Spa
  • Sauna
  • Gym
  • Tennis Court
  • BBQ Facilities

Map

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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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