Clifton Beach, Queensland

Very Manageable Permanent Letting Business

SOLD

Business Description

EXCLUSIVE AGENCY

Here is a rare opportunity to acquire a very modern, very manageable permanent letting business in a location close to one of Cairns favoured northern beaches. The complex was built in 2007 to meet the growing demand in this area for quality family accommodation close to schools, James Cook University and the surrounding environs. Since opening, this property has been close to 100% occupancy without much effort. A continuing demand for 3 bedroom family apartments to let means the ‘vacancy’ sign hardly gets used.

The complex has been designed to make the most of the grounds having established trees and nearby streams. Every apartment has an appealing outlook and affords maximum privacy for the occupants offering spacious three bedroom accommodation that is sought after not only by families but professionals and those who prefer the ‘spare room’ for study or storage. Every apartment is very tastefully appointed and it is little wonder the vacancy rate is down and the rents hold up.

The grounds are well laid out and thoughtfully landscaped.

The manager’s apartment is one of the better three bedroom apartments available. The apartment is not only very tasteful but has its own private garden offering pup an exercise area and a lovely outlook from the living room and patio. The spacious office is on title and also provides for a ‘back office’ area with extra storage. There is the option to live off-site.

This property and business would be ideal for those seeking a very sound business with excellent living arrangements.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $108,000 Remuneration / Body Corp Salary: $101,381

Managers Unit

Value of Managers Apartment: $440,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 9Owner Occupy Units: 28Outside Agent Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: Yes

Marketing Agent

Geoff Ellis

0432 79....

North Queensland Management Rights

Key Investment Insights

1. Built in 2007, the complex is modern and purpose-built for quality family accommodation, supporting sustained demand.
2. Location is close to one of Cairns' favoured northern beaches, local schools and James Cook University, enhancing tenant pool diversity.
3. Historically near 100% occupancy, indicating exceptionally low vacancy and strong rental demand for 3‑bedroom units.
4. Complex comprises 46 units, with 9 units in the letting pool, 28 owner‑occupied, 8 with outside agents, and 1 manager unit.
5. Agreement structure is accommodation‑based with a 25‑year term and approximately 20 years remaining, providing long‑term operational stability.
6. Net profit reported at $108,000, with manager remuneration/body corporate salary of $101,381, showing clear owner/manager income metrics.
7. Manager’s apartment valued at $440,000, is a three‑bedroom, two‑bathroom unit with car space, office on title, private garden and pet‑friendly status.
8. The on‑title office includes a back office and extra storage, supporting efficient on‑site management and administrative operations.
9. Grounds are thoughtfully landscaped with established trees and nearby streams, each apartment offering appealing outlooks and strong privacy.
10. Broad market appeal extends beyond families to professionals and tenants needing a spare room for study or storage.
11. On‑site amenities include a pool, and the layout maximises outdoor space and privacy, contributing to rental attractiveness.
12. Listing status shows the business as SOLD, confirming market interest and transaction completion.

Management Rights Multiplier: 3.29
ROI Estimate: 30.42%