Yorkeys Knob, Queensland

Perfect Permanent at the Beach

$1,350,000

Business Description

A property to fall in love with in perfect position minutes to Beach, Marina, Shops and Golf Course.
No set office hours.
Delightful gated community, permanent complex in the Northern Beaches of Cairns.
Golf course is next door, with the marina and boat ramp behind the complex.

Spacious and stylish 2 bedroom / 2 bathroom, manager's apartment – extensive open plan dining, huge balcony two car parks and adjoining office, all on title.

Large lap pool, landscaped gardens, fully secured property and basement parking, 2 mins walk to beach, marina, shops and golf course.

Very good, well managed business with excellent potential and easily run as a one person operation.
Top salary of $105,500 plus GST and excellent cash flow business.
Managers unit rents at over $27,000 pa (not included in figures).
Cairns currently has one of the lowest vacancy rates in the country at less than 1%, and rental rates are on the rise due to quality rental shortage.
Manager is not required to live onsite.
Agreements Gallery Vie compliant.
Contact Calvin or Alex for full property details.

Business Summary

Business Snapshot

Price: $1,350,000 Net Profit: $210,000 Remuneration / Body Corp Salary: $105,500Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 2Bathrooms: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 52Total Units in Letting Pool: 39Owner Occupy Units: 9Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesSpa: Yes

Marketing Agent

Alex Barker-Ré

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

1. Prime location near beach, marina, shops, and golf course.
2. No set office hours, allowing for flexible management.
3. Gated community with secure property and basement parking.
4. Spacious and stylish 2 bedroom/2 bathroom manager's apartment with additional office space.
5. Large lap pool and landscaped gardens on the property.
6. Well-managed business with potential for growth and easily run by one person.
7. Top salary of $105,500 plus GST and excellent cash flow.
8. Manager's unit rents at over $27,000 per year, not included in figures.
9. Low vacancy rates and rising rental rates in the area.
10. Manager is not required to live on-site.
11. Agreements are Gallery Vie compliant.
12. Contact Calvin or Alex for full property details.

Management Rights Multiplier: 4.29
ROI Estimate: 23.33%