Yorkeys Knob, Queensland

Absolute Beachfront Resort

SOLD

Business Description

Nestled in the tranquil community of Yorkeys Knob, just north of Cairns, this absolute beachfront property boasts fully self-contained apartments, providing guests with all the amenities they could wish for. With 19 of the 32 units currently in the letting pool—15 designated for short-term holiday stays—the resort ensures a steady stream of income.

Investors will be pleased to note that the resort's financial performance includes an impressive 40% return on investment (ROI). This figure accounts for all revenue streams, including an additional $39,000 per annum from the leased-out restaurant—income that is not reflected in the resort's core financials. This supplementary revenue enhances the overall profitability, making it a compelling proposition for discerning investors.

Golden Sands Beachfront Resort is more than just a business; it's a lifestyle. Situated just a 1-minute stroll from the pristine Yorkeys Knob Beach and the Coral Sea. Guests can unwind by the saltwater lagoon-style pool, enjoy a game of tennis/basketball, or dine at the on-site restaurant. The resort's prime location places it within close proximity to major attractions, including the renowned Half Moon Bay Golf Course and the iconic Skyrail Rainforest Cableway.

The property features a beautifully appointed ground-floor 3-bedroom manager's unit, complete with a private patio offering a serene tropical outlook. Recent updates include new air conditioning, a new hot water cylinder, new kitchen benchtops and new ceiling fans throughout. Direct access to the reception area ensures seamless operations.

With long-term agreements and a solid net profit, Golden Sands Beachfront Resort presents a fantastic opportunity to step into a highly profitable operation in one of Cairns' most sought-after locations. Whether you're seeking a lifestyle change or a sound investment, this property offers the best of both worlds. Seize this rare opportunity to own a piece of tropical paradise and enjoy a remarkable 40% ROI.

Business Summary