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
Alex Barker-Ré

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Key Investment Insights

1. Prime location in a gated community in the Northern Beaches of Cairns, close to the beach, marina, shops, and golf course.
2. Spacious and stylish 2 bedroom / 2 bathroom manager's apartment with extensive open plan dining, huge balcony, and two car parks.
3. Well-managed business with excellent potential and easily run as a one person operation.
4. Top salary of $105,500 plus GST and excellent cash flow business.
5. Manager's unit rents at over $27,000 per annum.
6. Low vacancy rates in Cairns (less than 1%) and rental rates on the rise due to quality rental shortage.
7. Manager is not required to live onsite.
8. Agreements are Gallery Vie compliant.
9. Total of 52 units in the complex with 39 in the letting pool, 9 owner-occupied units, and 3 outside agent units.
10. Agreement module is accommodation with a term of 25 years and 25 years remaining.
11. Complex features a large lap pool, landscaped gardens, and fully secured property with basement parking.
12. Pets are allowed in the manager's unit.
13. Manager's apartment has a value of $450,000.
14. Potential for additional income through rental increases and managing more units in the complex.

Management Rights Multiplier: 4.29
ROI Estimate: 23.33%

Listing location

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