Clifton Beach, Queensland

Very Manageable Permanent Letting Business

$795,000

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: $795,000 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
Geoff Ellis

North Queensland Management Rights

North Queensland Management Rights

Key Investment Insights

1. Rare opportunity to acquire a modern and manageable permanent letting business in a sought-after location close to a popular beach.
2. High occupancy rate of close to 100% since opening, with a continuing demand for 3 bedroom family apartments.
3. Well-designed complex with established trees and nearby streams, providing an appealing outlook and maximum privacy for occupants.
4. Tastefully appointed apartments with spacious three bedroom accommodation, appealing to families, professionals, and those in need of a spare room.
5. Thoughtfully landscaped grounds and well-maintained common areas.
6. Manager's apartment is one of the better three bedroom apartments available, with a private garden and spacious office on title.
7. Option to live off-site for those seeking a more hands-off management approach.
8. Ideal for those looking for a sound business with excellent living arrangements.
9. Net profit of $108,000 and remuneration/body corp salary of $101,381.
10. Manager's apartment valued at $440,000, with 3 bedrooms, 2 bathrooms, and 1 car space.
11. Complex information includes 46 total units, with 9 in the letting pool, 28 owner-occupied units, and 8 outside agent units.
12. Accommodation agreement module with a remaining term of 20 years.
13. On-site pool for residents to enjoy.

Management Rights Multiplier: 3.29
ROI Estimate: 30.42%

Listing location

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights, Management Rights For Sale

You may also like

Impressive Cairns Management Rights – ID 9152
MR Sales
Impressive Cairns Management Rights – ID...

CAIRNS

Options Between $825,000 - $1,075,000

Net Income: $196,187
Managers Estate: $525,000 4 Bed 3 Bath
Letting Pool: 29
Remuneration: $59,602

Price Negotiable - Motivated To Sell
North Queensland Management Rights
Price Negotiable - Motivated To Sell

WONGALING BEACH

Under Contract / Offer

Net Income: $187,814
Managers Estate: $300,000 2 Bed 2 Bath
Letting Pool: 15
Remuneration: $31,375

Absolute Beach Front Management Rights - ID 8595
MR Sales
Absolute Beach Front Management Rights - ID...

YORKEYS KNOB

$765,000

Net Income: $115,680
Managers Estate: $590,000 3 Bed 2 Bath
Letting Pool: 18
Remuneration: $45,923

Well sought-after permanent management rights with high rental demand. | Resort Brokers ID : MR008253
ResortBrokers
Well sought-after permanent management...

CONDON

$849,000

Net Income: $164,499
Managers Estate: $270,000 2 Bed 2 Bath
Letting Pool: 69
Remuneration: $91,186

SOLID MR BUSINESS AT A MULTIPLIER OF 2.3x NET PROFIT IN EXCESS OF $200K | Resort Brokers ID : MR008032
ResortBrokers
SOLID MR BUSINESS AT A MULTIPLIER OF 2.3x...

CAIRNS NORTH

$772,500

Net Income: $205,448
Managers Estate: $300,000 3 Bed 2 Bath
Letting Pool: 26
Remuneration: $41,852

Luxury Holiday Rental Business in North Queensland - Exceptional Lifestyle Living
Business Brokers Network Australia
Luxury Holiday Rental Business in North...

CAIRNS

$900,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

EXCITING LEASEHOLD OPPORTUNITY - 1942ML
INVESTMENT OPPORTUNITY IN A HIGHLY PROFITABLE MOTEL - 1942MI
A Motel Business That Shines Bright Like a Diamond - 452ML
Highly desirable Caretaking-Only absolute beachfront
Business Only - $188,740 Net Profit - ID 9185
Business Only with High Stable Salary - ID 9184
Regional Gaming Venue with Exceptional Features - 130HF
Permanent GEM in Eight Mile Plains - Brisbane Southside Central
Rare Opportunity: A Thriving Hospitality Gem - 2862MF
Two highly profitable Quest Apartment Hotels in Bendigo.  | Resort Brokers ID : LH008587
the first of three business-only's with another 400+ units under construction  | Resort Brokers ID : MRB008606
Exceptional MR in Booming Northern Corridor - Net Profit $566K @ 5.95x | Resort Brokers ID : MR008602
Lifestyle Sunshine Coast Hinterland Retreat - 2177MF
Leasehold Motel, a standout in the West
Exciting Mixed Management Rights Opportunity in Eli Waters, QLD
Rare, large Caretaking-Only business For Sale – Benowa / Carrara Area
Unlock a Financial and Lucrative Lifestyle in Hervey Bay!
 The best investment in Toowoomba: a freehold 32-key motel on 11,043m² | Resort Brokers ID : FH008601