Clifton Beach, Queensland
Own The Dream - Business Only Permanent Letting Opportunity Clifton Beach
$650,000
Business Description
Imagine owning a premium management rights business where luxury meets lifestyle, set against the breathtaking backdrop of Clifton Beach, one of Far North Queensland's most coveted coastal destinations.
This represents a rare opportunity to secure business-only management rights in an established, high-quality resort and residential environment that attracts discerning tenants year-round.
It comprises a collection of quality luxury apartments and villas, designed to appeal to discerning tenants. The complex is well maintained, professionally presented, and benefits from consistent demand, due to its location and quality offering.
The business demonstrates a reliable net profit, delivering attractive returns relative to the purchase price.
The business-only structure provides operational flexibility and reduced capital outlay, making this an efficient and scalable investment.
Very well located on the main road into Clifton Beach, this is a very safe and secure part of the Northern Beaches, close to shopping and beaches.
Long-term tenancies make this an easy-to-run operation, and with no real estate tied to the agreement.
A 25 year agreement is in place, with 23 years to run.
The Manager's impressive, exclusive use office space is an expansive 50m2, with plumbing installed.
All are long-term tenants, and with the very real opportunity to grow the letting pool.
No real estate on site and no residential obligation, combine to make this a very attractive opportunity.
Clifton Beach is a tightly held coastal market positioned within easy reach of Cairns, the international airport, and major regional attractions including the Great Barrier Reef and the Daintree Rainforest.
Opportunities of this calibre with quality accommodation, proven financial performance, and a prime beachside location are rarely offered to the market. Call Alex Stagg today.
Business Summary
Business Snapshot
Price: $650,000
Net Profit: $160,369 Remuneration / Body Corp Salary: $124,533Body corp salary review: CPI Annually
Managers Unit
Car Spaces: 1Office: Exclusive UseComplex Information
Complex Type: PermanentTotal Units in Complex: 80Total Units in Letting Pool: 17Owner Occupy Units: 40Outside Agent Units: 23Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesGym: YesBBQ Area: YesWIFI: Yes
Key Investment Insights
1. Premium business-only management rights for a high-quality resort and residential complex at Clifton Beach, a tightly held coastal market in Far North Queensland, close to Cairns, the international airport, the Great Barrier Reef and the Daintree Rainforest.
2. Attractive asking price $650,000 with reported net profit $160,369, implying a strong approximate net profit yield of about 24.7% relative to purchase price.
3. Manager remuneration reported at $124,533 with body corporate salary reviewed CPI annually, providing predictable income escalation.
4. Long secure agreement term of 25 years with 23 years remaining, offering long-term revenue visibility.
5. Business-only structure with no real estate on site and no residential obligation, reducing capital outlay and increasing operational flexibility.
6. Established complex of 80 units, with 17 units currently in the letting pool and clear opportunity to grow the letting pool given 40 owner occupy and 23 outside agent units.
7. Predominantly long-term tenancies, described as making the operation easy to run and supporting consistent occupancy and cashflow.
8. Manager benefits from an exclusive 50m2 office with plumbing installed, suitable for professional on-site operations.
9. Complex is well maintained and professionally presented, comprising quality luxury apartments and villas that attract discerning tenants year-round.
10. On-site amenities include a pool, gym, BBQ area and WiFi, enhancing tenant appeal and marketability.
11. Very well located on the main road into Clifton Beach, in a safe and secure part of the Northern Beaches, close to shopping and beaches, supporting steady demand.
