Clifton Beach, Queensland

PRICED REDUCED. Tropical Resort Lifestyle with Stunning Onsite Home and Ocean Views - 1P4384MR

Management Rights $730,000

Property Description

CRE Brokers is pleased to present for sale, management rights in a highly sought-after location in Far North Queensland.

This gated community consists of 24 townhouse style apartments with well-maintained gardens and Resort-style Pool and BBQ area. The manager's residence is a 4 bedroom 2 bath with Ocean views, double garage, quality finishes with stone kitchen tops.

There is a 2 room office on title to service future growth, generous BC remuneration with low maintenance facilities.

Right in the heart of a tourism hub, with scope for the future.

TOTAL NUMBER OF UNITS : 24
UNITS IN LETTING POOL : 3

NET PROFIT : $76,000 (projected)

REAL ESTATE PRICE : $510,000
BUSINESS PRICE : $220,000
TOTAL ASKING PRICE : $730,000

Property Summary

Business Snapshot

Price: Management Rights $730,000 Remuneration / Body Corp Salary: $49,237Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $535,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: MixedTotal Units in Complex: 24Total Units in Letting Pool: 2Holiday Units: 1Permanent Units: 1Owner Occupy Units: 15Outside Agent Units: 6Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: YesPay TV: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Cairns & North
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