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Management Rights · Torquay · MR008118

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.

MANAGEMENT RIGHTS IN HERVEY BAY DIRECTLY ACROSS FROM THE BEACH

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.

Net profit
$270K
Asking $1,410,000
Status
Sold

The business at a glance.

  • 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 $918,000 Price $1,410,000
MANAGEMENT RIGHTS IN HERVEY BAY DIRECTLY ACROSS FROM THE BEACH

Torquay, QLD

Torquay, QLD

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Glenn Millar

Senior Specialist Accommodation Broker Sunshine Coast

0412 277 804
07 3878 3999

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Management Rights · Torquay · MR008118 · Torquay, QLD · ResortBrokers