Listing ID: 1276
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
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.
Business - $230,000
Manager's residence - $440,000
Urangan, Queensland 4655