Accommodation & Tourism business for sale in Torquay
- Accommodation & Tourism
- Torquay QLD 4655
- Management Rights $1,499,000
Management Rights Hervey Bay 20% ROI - 1P2944MR
EXCLUSIVE TO CRE BROKERS. Venture a little north of SE Queensland and find a beautiful Holiday Management Rights property opposite the beach with high return on investment.
Hervey Bay has gone ahead in leaps and bounds in recent years. 2018 saw record breaking tourism numbers throughout the region and accordingly profitability on investments like this is rising.
Post Covid, Hervey Bay has experienced a rise in property values and the second half of 2020 saw many previous tourism records broken. Hervey Bay is only about 300 km from Brisbane and an easy drive even for a weekend away.
Hervey Bay is the gateway to Fraser Island and a very popular whale-watching destination. But Hervey Bay is so much more then that: It plays host to numerous sporting, musical and motoring events and is home to Queensland's most advanced regional hospital.
The Federal Government recently allocated $9M in funding the upgrade of Fraser Coast Airport which offers daily direct flights to and from Sydney and Brisbane.
This business is in an enviable location across the road from a child-friendly beach, surrounded by cafes and restaurants. The manager' s unit has been upgraded with a stone-top kitchen with stainless steel appliances.
Business Price: $1,029,000
Unit Price: $470,000
FY 2019 - $302,442
FY 2020 - $231,651
Jun Dec 2020 (6 months) $166,634
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