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Urangan, Queensland 4655

Urangan, Queensland 4655

Urangan, Queensland 4655

Urangan, Queensland 4655

Urangan, Queensland 4655

Urangan, Queensland 4655

Urangan, Queensland 4655

Urangan, Queensland 4655

Urangan, Queensland 4655

Urangan, Queensland 4655

BE QUICK: Management Rights at Gated Community - Hervey Bay, Qld

Listing ID: 1276

Urangan, Queensland 4655

  • Type Business | For Sale
  • Location URANGAN
  • Price Price: $670,000

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Business Features

If ever you needed a reason to make the sea-change to beautiful Hervey Bay, this is it. Boasting an excellent reputation and high occupancy rate, this popular gated community is ready for new managers.
Offering a regular income, commission and a standalone 4-bedroom, 2-bathroom residence, you should be quick to secure this fantastic freehold Management Rights opportunity.

-26 lots plus Manager's residence in a gated community
-Letting pool consists of 20 2-bedroom units - permanent retirement accommodation
-Consistent operating profit of about $64,520
-Easily operated by one person - no set office hours
-Excellent location in Urangan - close to Shopping Centre, beach, harbour/marina and clubs
-Management Rights Agreements run to 9 October 2037
-Managers Body Corporate remuneration currently $2,865.89 monthly - CPI increased every October
-Commission, fees and repairs from letting nets is about $36,000 pa
-Scope to increase income by taking on more of the maintenance and gaining 2 rental units with external agents
-Large covered community/BBQ area with swimming pool
-Comfortable Manager's residence with covered patio and double garage
-Grounds equipment supplied and maintained by Body Corporate
-Office equipment included
-Training provided
The current managers have been in place since the complex opened 10 years ago. That long-term stability has made this a very successful and profitable operation.
Easy to maintain, with no set hours, it would seek a single operator or a couple where one partner works elsewhere. An added bonus is that all the tenants bar one pay by direct debit so there's no cash to worry about.

Price: $670,000
Business - $230,000
Manager's residence - $440,000

LOCALITY ( get directions )

Urangan, Queensland 4655