Sold
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

The asset, the manager unit, the location.
Torquay, QLD
Torquay, QLD
Talk to the broker.
Ask about similar propertiesGlenn Millar
Senior Specialist Accommodation Broker Sunshine Coast
0412 277 804
07 3878 3999
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