Acquire a Prime Investment in stunning Hervey Bay! | Resort Brokers ID : MR008508

$1,250,000

Resort / Holiday Management Rights, URANGAN QLD

ResortBrokers introduces The Grange Hervey Bay, a profitable resort minutes from the beach. Offering over 15% return, this business is perfect for those seeking a relaxed lifestyle with financial independence. With a net profit exceeding $190,000 and a generous salary of $87,000, it's a testament to the resort's popularity. The three-bedroom manager's unit, top-notch facilities including Hervey Bay's only swim-up bar, and flexible office hours, make this a unique investment opportunity. Long-term agreements ensure stability for new owners.

- Located just minutes from the beach in the picturesque Hervey Bay
- Highly profitable with a net profit exceeding $190,000 and a generous salary of $87,000
- Exceptional three-bedroom, two-bathroom multi-storey manager's unit with a courtyard and spacious office on title
- Outstanding investment opportunity with over 15% return
- Perfectly suited for newcomers or management team looking for lifestyle, with manageable operations
- Equipped with top-notch facilities including a tennis court,heated magnesium pool, games room, and Hervey Bay's only swim-up bar
- Flexible business operations withflexibleoffice hours and office on title for added security
- Long-term agreements in place with a recently approved top-up
Date updated: 29 Dec 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $1,250,000
Net Income: $ 191,709 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 680,000
_{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.}

Letting Business

Letting Pool: 17
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 30
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 48
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 87,117
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 24 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: 8.00am - 5.00pm M-F, 8 - 2 Sat, 8 -12 Sun
_{Required Office Hours}

Complex Features: The Grange Resort is a luxurious vacation spot that offers a unique and refreshing experience to its guests. One of its standout features at our Hervey Bay resort is our swim-up bar, where you can indulge in refreshing drinks while lounging in the pool. This exceptional feature allows you to soak in the tropical ambiance of the resort while sipping on your favorite cocktail. The bar offers a range of beverages, including alcoholic and non-alcoholic drinks, which are crafted by professional bartenders. The swim-up bar provides the perfect atmosphere to unwind and relax, making your vacation at The Grange Resort an unforgettable experience.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 680,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: stunning 3 bedroom managers unit split over three levels. with living and kitchen and outdoor courtyard on the ground, two bedroom one bathroom on the middle level and master and ensuite on the 3rd level with balcony. the unit has on title a huge double garage and massive office which is on title.