HERVEY BAY MANAGEMENT RIGHTS FOR SALE – EXCLUSIVE TO CRE BROKERS
If you are seeking a very easy to run business in an ideal location with a very nice apartment to reside, this has to be the one.
This Management Rights is priced to sell quickly due to one of the owners having a deteriorating health condition. Don’t delay to secure yourself a bargain!
• Presently only 5 holiday let units to manage
• No set office hours, work as you please!
• Same owners since its inception (opened in 2007)
• Very simple complex to run, easily by 1 person
• Resort Style living across from the beach/bay
• Every Unit is waterfront with expansive ocean views
TOTAL NUMBER OF UNITS: 40
UNITS IN LETTING POOL: 15 (including 10 permanent)
Length of Agreements: 19 years remaining
Agreement Term: 25 years (Accommodation Module)
MANAGERS RESIDENCE: 2 x bedroom / 2 x bathroom, open plan, north facing with views
NET PROFIT $98,273 (includes BC Salary)
REAL ESTATE PRICE : $400,000 (includes reception)
BUSINESS PRICE $250,000 (2.5 x multiple)
TOTAL PRICE : $650,000