Clifton Beach, Queensland

Coral Sea Change - ID 8501

$998,000

Business Description

Holiday Management Rights for Sale
Semi Retire in Paradise

- Net income over $127,000

- Caretaker salary $55,000 per annum

- Low 1.6 multiplier

- Fully renovated unit

- Popular beachside village

- Strong and consistent financials

- 18 years left on rights

- Easy to operate

Suit couple wishing to work part time, and semi retire in paradise, or an existing operator who wishes to add on this property to their portfolio.

For further information or to arrange an inspection of this Cairns Management Rights opportunity contact:

Management Rights Broker
Antonio Curulli

Property Code: 1082

Business Summary

Business Snapshot

Price: $998,000 Net Profit: $127,293

Managers Unit

Value of Managers Apartment: $880,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets OK: Yes

Managers residence is a spacious two-bedroom, two-bathroom apartment

Complex Information

Complex Type: HolidayTotal Units in Complex: 16Total Units in Letting Pool: 9Owner Occupy Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesSauna: YesBBQ Area: Yes

Marketing Agent

Antonio Curulli

MR Sales

Key Investment Insights

1. Net income reported over $127,000, indicating solid cashflow potential.
2. Caretaker salary set at $55,000 per annum, lowering owner payroll obligations.
3. Low 1.6 multiplier, suggesting an attractive valuation metric for buyers.
4. Fully renovated unit, reducing near-term capital expenditure and aiding guest appeal.
5. Located in a popular beachside village, enhancing tourism demand and occupancy prospects.
6. Strong and consistent financials, pointing to reliable revenue performance.
7. 18 years remaining on the management rights, providing long-term operational security.
8. Described as easy to operate, suitable for buyers seeking lower day-to-day complexity.
9. Positioned for a couple seeking part-time work and a semi-retirement lifestyle, indicating lifestyle appeal.
10. Also suitable for an existing operator looking to add to their portfolio, offering scalability and synergy potential.
11. Business type is holiday management rights for the Coral Sea Change listing, located in the Cairns market.
12. Listed via Management Rights Broker Antonio Curulli, Property Code 1082, facilitating enquiries and inspections.

Management Rights Multiplier: 0.93
ROI Estimate: 107.88%