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Holiday Apartments, Cottage Plus Owners' Residence Opposite Beach

Freehold $1,795,000

Hervey Bay, Queensland

Holiday Apartments, Cottage Plus Owners' Residence Opposite Beach

With its prime location in sought-after Hervey Bay, excellent inclusions and very healthy turnover, Palm Court Apartments represent an unbeatable investment.

Palm Court is located on the Esplanade, opposite Scarness Beach, giving easy access to cafes, shops, restaurants and pubs, with major shopping facilities just 5 minutes away.

With its perfect year-round climate, access to Great Fraser Island, whale-watching and multitude of wonderful seaside activities, Hervey Bay is a fabulous place to live.

This very sound investment comprises 6 fully self-contained, 2-bedroom apartments, currently achieving occupancy levels in excess of 80%.

But that's not all - there's also a separate, fully self-contained 1-bedroom cottage - perfect for guests who require more privacy.
And, unusually for a resort, this one also includes a lovely 3-bedroom house for the owners, with an attached, self-contained studio.

The house and apartments are separated by a shared pool and BBQ area, and there's plentiful parking onsite, with access from the Esplanade and Freshwater Street.

Palm Court has been operating for 35 years, and full renovations and refurbishment were completed in 2015.

At a glance:
• Large block of land on 2 titles
• 9.1% review rating plus official 3.5 Star rating
• Client base includes international / national tourists, whale-watchers, families and business people

Hervey Bay is a fast growing area, becoming increasingly popular for triathlons and similar sporting competitions, offering owner-operators a wonderful lifestyle plus an annual cash flow of around $240,000.

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Last updated: 21st February 2017

Summary

Property Type
Business
Contract Type
For Sale
Location
 Hervey Bay
State
 Queensland
Price
Freehold $1,795,000
Category
  • Motel
  • Resort

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Agency

Coast to Coast Media

Contact

Coast to Coast  Media

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