Accommodation and Tourism
Rockhampton l QLD
Ref: 6850291980

Management Rights - Trouble-Free - 99% Occupancy 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 initially by the meat company. This gives the business the enviable position of being able to boast a 99% occupancy rate! This opportunity will not last so be quick!

The Business

  • 44 x 2 bed, 26 x 3 bed.
  • Separate freehold Office Block with a 2 x bedroom Unit attached (Can be Managers Residence, with Kitchen, lounge/dining, study, bathroom upstairs, and a large family room and laundry/bathroom downstairs, Kitchenette, large fenced courtyards Ideal for a family) and Laundromat
  • New 15 + 10 Year agreement in Nov 2017. 23 years remaining
  • Great opportunity to purchase a tightly held business as sellers are moving on after 17year
  • Large security gated complex comprising of 70 units of which 54 are in the letting pool – (1 live in owner, 4 x managed by owners, 9 x outside agents, Some of these could come back into the rental pool)
  • High Body Corporate salary of over $165.00,000 + CPI (Nov)
  • Easily managed complex 5 day a week
  • Massive room for growth into extra income streams (selling of owners units)
  • No set office hours

This business ticks all the boxes – stable long term management, high Body Corporate salary, long agreements, large sinking fund,

The Managers Freehold Properties 2 options

1/ 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, dining/lounge. Laundry, bathroom & outdoor living space and extra parking

2/ Large attached office on title

  • Excellent facilities including pool, ½ basketball court, BBQ area
  • Popular rental location ensures units are sought after and vacancies are rare

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 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.

Net Profit - $180,000

Option 1 - Owners Property - $425,000 4-bed residence + Business = $1,475,000

Option 2 Office and 1 bed unit $625,000 + Business = $1,725,000

Business $899,000

Price: $899,000
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