Cairns, Queensland

Prime FNQ Beachfront MR with the ultimate work life balance

$736K MR & $660K Unit = Total $1.396M

Business Description

The Golden Sands Beachfront Resort boasts fully self contained apartments with all the amenities you could wish for. The resort also offers a blend of short-term holiday lets and longer-term rentals, with 19 of the 32 units currently in the letting pool, 15 of which are allocated for short-term holiday stays. This property is the ultimate work-life balance in one of the worlds most sought after locations!

Settle into one of FNQ's most fantastic little communities of Yorkeys Knob - paradise awaits at this quiet beachfront location away from the hustle and bustle yet so close to all the features of tropical NQ. Nestled in this tranquil suburb, just North of Cairns, Golden Sands Beachfront Apartment Resort offers an unbeatable lifestyle and investment opportunity. Just a 1-minute stroll straight onto the pristine Yorkeys Knob Beach, this resort presents the perfect combination of luxury living and proximity to major attractions. The renowned Half Moon Bay Golf Course is only 1.1 km away, while the iconic Skyrail Rainforest Cableway is a short 7.4 km drive.

Beautiful ground-floor 3 bedroom manager's unit featuring a private patio with a serene tropical outlook. Recently updated with new air conditioning, a new hot water cylinder, and new ceiling fans throughout. Enjoy the convenience of direct access to the reception area.

There is also an additional $37,700 pa of rental income from the leased out restaurant which is additional income for the buyers which isn't included in the financials! There is the flexibility to have a nominee live in the managers lot allowing you the flexibility of having you home away from the business and running it even more passively.

This well-established management rights business presents a fantastic opportunity to step into a highly profitable operation in one of Cairns' most sought-after locations. With long-term agreements and a solid net profit, Golden Sands Beachfront Resort is perfectly positioned for a buyer seeking an upscale, lifestyle-driven business. Seize this rare opportunity to own a piece of tropical paradise!

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $736K MR & $660K Unit = Total $1.396M Net Profit: $219,000 Remuneration / Body Corp Salary: $101,000

Managers Unit

Value of Managers Apartment: $660,000Bedrooms: 3Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 32Total Units in Letting Pool: 19Owner Occupy Units: 8Outside Agent Units: 2Lockup Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Marketing Agent
Shane Croghan
Shane Croghan

Key Investment Insights

1. The Golden Sands Beachfront Resort is a fully self-contained apartment complex with a mix of short-term holiday rentals and longer-term rentals.
2. The resort is located in the tranquil suburb of Yorkeys Knob, just north of Cairns, offering a quiet beachfront location away from the hustle and bustle.
3. The resort is only a 1-minute walk to the pristine Yorkeys Knob Beach, making it a highly desirable location for tourists and residents.
4. The property is also close to major attractions such as the Half Moon Bay Golf Course and the Skyrail Rainforest Cableway.
5. The manager's unit is a spacious 3-bedroom ground floor apartment with a private patio and recent updates to air conditioning and hot water.
6. The resort also has an additional source of income from a leased out restaurant, providing an extra $37,700 per year.
7. The manager's unit can also be occupied by a nominee, allowing for a more passive management style.
8. The business has a solid net profit and long-term agreements, making it a highly profitable and stable investment opportunity.
9. The manager's unit is valued at $660,000 and the total asking price for the business and unit is $1.396 million.
10. The complex has 32 units, with 19 currently in the letting pool and 8 owner-occupied units.
11. The management agreement has a term of 25 years with the full term still remaining.

Management Rights Multiplier: 3.36
ROI Estimate: 29.76%

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