Address available on request,
Gracemere, QLD 4702
Hotel, Motel & Leisure
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Management Rights + Extra Rent Roll in Gracemere QLD - 1P6202
CRE Brokers are pleased to be appointed exclusive agents for this fantastic business opportunity in profitable Gracemere.
The business consists of the Management Rights to Lilly Pilly Gardens 2, which includes a very favourably priced 3 bedroom ensuite residence as well as an additional rent roll of managed properties outside the complex. The business is currently managed by one person with a virtual assistant and 2 contract cleaners and can be easily run by a couple.
The Gracemere location enjoys a high rental demand (including corporate short and medium term) and is just a short drive from the City of Rockhampton – Australia's Beef Capital.
TOTAL UNITS : 47
UNITS IN LETTING POOL: 36 + 11
NET PROFIT: $245,963 (Includes Body Corporate remuneration)
UNIT PRICE: $380,000
BUSINESS PRICE: $820,000
TOTAL ASKING PRICE: $1,200,000
The business consists of the Management Rights to Lilly Pilly Gardens 2, which includes a very favourably priced 3 bedroom ensuite residence as well as an additional rent roll of managed properties outside the complex. The business is currently managed by one person with a virtual assistant and 2 contract cleaners and can be easily run by a couple.
The Gracemere location enjoys a high rental demand (including corporate short and medium term) and is just a short drive from the City of Rockhampton – Australia's Beef Capital.
TOTAL UNITS : 47
UNITS IN LETTING POOL: 36 + 11
NET PROFIT: $245,963 (Includes Body Corporate remuneration)
UNIT PRICE: $380,000
BUSINESS PRICE: $820,000
TOTAL ASKING PRICE: $1,200,000
Gracemere, 4702 demographic data
The median household income for Gracemere is $1,711, 14% higher than Regional Queensland's household income of $1,507. Gracemere has a younger age profile compared to the rest of Regional Queensland (median age 32 vs 41). Property ownership data shows 61% of property owners in Gracemere have a mortgage.
12,023
Population
$1,711 per week
Median household income
32 years
Median age
Owners
Most residents
Families
Most households
04149643...
Address available on request
Gracemere, QLD 4702
CRE Brokers - AustraliaUnit 4, 10 Lakewood Boulevard
CARRUM DOWNS, VIC 3201
CARRUM DOWNS, VIC 3201
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