Management Rights - BELLARA, QLD

BELLARA, QLD

$1,245,000

Property Description

BRISBANE'S WEEKEND PLAYGROUND. MANAGEMENT RIGHTS FOR SALE.

The price has been reduced on this business and home. One of the few established holiday complexes on the island this complex is popular with visitors who love the area to boat, fish & relax next to the water. Very popular destination for city dwellers spending their weekends away from the city rush. The weekends are almost booked out year round with mid week bookings being steady.

Situated on the Esplanade & overlooking the sparkling waters of the Pumicestone Passage the property offers 14 holiday & 1 permanent unit in the letting pool, out of a total of 24 in the complex.

This is a great opportunity to purchase one of a limited number of managed complexes on the island & secure the chance to own & run your own business with a net income of $160,621 (Accountant verified). Easily run by a one or two person management team. The possibility exists for one person to work full or part-time in another occupation,

The large 3 bed managers residence offers space and overlooks the water. There is plenty of storage and the separate large reception office is on the managers unit title. The Manager also has three separate storage rooms and a carport for the second vehicle. There is a large outdoor courtyard that wraps around three sides the managers' ground floor apartment. The outdoor patio provides expansive water views of the Pumicestone Passage.

If you are thinking of a sea change or want to own your own business with a holiday atmosphere life-style then this could be just what you are looking for. The complex is located across the causeway from the popular showtime venue, Sandstone Point Hotel. WiFi is installed throughout the building for use of residents.
Please contact Jim Prentice 0412 984 684 or E. jimp@raas.com.au for more information or to book an inspection on this business and home opportunity.

Feature spa pool.
Waters edge across the road with beach activities available.
Easy 15 minute walk to shopping centre.
Easy-care grounds to maintain.
Popular holiday accommodation.
Financial Overview

Body Corp Salary:
$47,178
Anniversary Of Body Corporate Salary:
30th Dec
Body Corporate Salary Review:
CPI
Net Profit:
$160,621
Manager's Unit Price:
520,000
Management Rights Price:
725,000
Letting Business

Est. Year Built: 1999
Total Units In Complex: 24


Inside Letting Pool

Permanent: 1
Holiday: 14
Corporate: 0
Total: 15

Outside Letting Pool

Lock Up: 4
Outside Agents: 1
Self Managed: 0
Owner Occpd: 4
Total: 9

Number & Type In Letting Pool
Number Type Features
4 3 Bed Apartments Fully Furnished
10 2 Bed Apartments Fully Furnished
1 2 Bed Apartment Semi furnished
Tariffs

Booking Type Details
Permanent $350 p/week
Corporate
Holiday Various
Manager's Unit & Office

Manager's Unit Size: 3 Bed
Office Reception: Yes
Office Software: Hirum
Office Hours: Mon-Sat 0900 -1700. Sun 0930-1200 at managers discretion
Storage: Plenty
Office Computer: Yes
Module:
Agreement Term: 25
Years To Run: 18
Manager's Unit Description: 3 bedroom,2 bathroom ground floor apartment with waterfront views. Air condition to living areas with ceiling fans throughout. Single lock-up garage, single carport, extra car space, two storage and one linen store plus large office/reception area all on title.

Facilities

Pool: YES
Spa: YES
Gym: NO
Tennis Court: NO
Sauna: NO
Foxtel: YES
Cable Installed: YES
Pets Allowed: YES
Barbeque Area: YES

Other Facilities: Feature spa pool.
Waters edge across the road with beach activities available.
Easy 15 minute walk to shopping centre.
Easy-care grounds to maintain.
Popular holiday destination.

Property Agent

Jim Prentice

Jim Prentice

Phone: 0412 984 684
Office: 1300 282 370

Email Listing Agent