MANAGEMENT RIGHTS IN HERVEY BAY DIRECTLY ACROSS FROM THE BEACH | Resort Brokers ID : MR008118
$1,410,000
Resort / Holiday Management Rights, Torquay QLD
ResortBrokers presents a remarkable opportunity to acquire the management rights to White Crest Apartments, located in the heart of Hervey Bay. This property offers a unique blend of lifestyle and income with a strong emphasis on comfort and convenience.
The White Crest Apartments complex is a well-established holiday letting business, comprising 35 units with a healthy letting pool of 19. The property boasts a range of facilities including a solar-heated swimming pool, a
full-size day/night tennis court, tropical landscaped gardens, and a barbecue area with undercover seating.
The manager's unit is a spacious two-bedroom, two-bathroom residence with a north-facing courtyard, open plan living, and a renovated kitchen with stone bench tops and a large office easily converted into a third bedroom if needed. The unit is fully air-conditioned, providing a comfortable living environment all year round.
One of the key highlights of this opportunity is the flexibility it offers. There is no requirement for the manager to reside onsite, if a nominee resides in the unit, giving freedom to live elsewhere while still managing the property. This flexibility is a significant advantage in today's market, where work-life balance is highly valued.
- Prime location in the heart of the Bay area.
- Beachfront property providing with easy access to water activities.
- Conveniently located within walking distance of numerous dining options.
- Ample parking with additional space for boats and trailers.
- Long-term agreements provide business security.
- High repeat and return visitation indicate a strong customer base.
- Strong returns demonstrate the profitability of the business.
- Inspection by appointment only.Unit $490,000
Business $918,000Price $1,410,000
Date updated: 21 Apr 2024 23:00:08
More Information
- Total Purchase Price: $1,410,000
- Net Income: $ 270,148
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 490,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?