Reference No: 6850306358

Accommodation and Tourism
Rockhampton QLD
Price: $990,000

UNIQUE Management Rights–Rockhampton-Same managers 17 years For Sale

The business is perfectly located in Australia's beef cattle capital and benefits hugely from overseas 457 visa workers who are housed here by this multi National Meat Company. The meat company pays the bond and 2 weeks rent and worker pays back Meat Company. If any issues with tenant (only 3 in the whole 17 years) it is resolved by meat company. This gives the business the enviable position of being able to boast a 99% occupancy rate & "trouble free"

The Business

  • Currently 54 in letting pool of this 46 x 2 bed, 26 x 3 bed quiet and orderly complex
  • Separate freehold Office Block with a 2 x bedroom Unit attached (Can be Managers Residence), with Kitchen, lounge/dining, study, bathroom –currently rented for $350 per week.
  • 23 years remaining on managers agreement
  • Large security gated complex comprising of 70 units of which 54 are in the letting pool
  • High Body Corporate salary of over $165.00,000 + CPI
  • Easily managed complex 5 day a week
  • Massive room for growth into extra income streams i.e. selling of investors units)
  • No set office hours
  • Great opportunity to purchase a tightly held business as sellers are moving on and retiring after 17year
  • New Body corporate committee

Net profit For 2020 including managers wage $ 195,000 to $200,000 (2021)

Asking Price - $990,000 - Management Rights $660,000 + Office & 2 bed unit $300,000

There is also a large 44sq modern, fully air-conditioned double story comfortable freestanding home (away from complex) 4-bedroom, 1 x bathroom with upstairs Modern generous open plan Kitchen, and utilities room (currently being used as a dining/lounge) Laundry, bathroom & outdoor living space and extra parking.

The Location

The Tropic of Capricorn is a unique address centred in Australia's meat capital and the Capricorn region is home to many unique places, experiences and people. There are a multitude of things that you'll never find anywhere else. Rivers, and streams are abundant to fish, Barramundi to catch in the Fitzroy River, wetlands and lagoons to explore.

National Parks ranging from the deep green of the tropical rainforest, hidden fern gullies or the fascination of massive eucalypt forests with grove of 'bottle' trees, or better yet, enjoy the rich greens of many golf courses in this beautiful Capricorn Region.

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Price: $990,000
Smart Sales Business Brokers
Suite 522, 12B Anzac Square Arcade - 198 Adelaide Street
Brisbane, QLD, 4000

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