Yorkeys Knob, Queensland

Absolute Beachfront Holiday Resort

$1,470,000

Business Description

This Cairns Beaches tropical resort is absolute beachfront. A rainforest park blends the resort with the beachfront and the poolside restaurant and bar provide guests with a unique tropical dining facility. The full sized tennis court and basketball court, pool area and restaurant provide real resort facilities. Manager has a spacious three bedroom ensuited apartment. The restaurant is on title, includes full equipment and has leased operators: the income is not included in the net profit. This fantastic property is located in prime position in an emerging holiday beachside area and has the potential to really move. A full property valuation is available to approved buyers. Call Alex for further information.

Business Summary

Business Snapshot

Price: $1,470,000 Net Profit: $239,000 Remuneration / Body Corp Salary: $97,680Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $630,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Spacious 3 bedroom 2 bathroom with huge outdoor area plus freehold restaurant (currently leased).

Complex Information

Complex Type: HolidayTotal Units in Complex: 32Total Units in Letting Pool: 22Owner Occupy Units: 4Outside Agent Units: 2Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesWIFI: Yes
Marketing Agent
Alex Barker-Ré
Alex Barker-Ré

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Key Investment Insights

1. Prime beachfront location: The resort is located in a prime position in an emerging holiday beachside area, providing guests with direct access to the beach and stunning ocean views.

2. Unique tropical dining facility: The resort's poolside restaurant and bar offer guests a unique tropical dining experience, adding value to their stay and setting the resort apart from other accommodation options in the area.

3. Full resort facilities: The resort offers a range of facilities including a full-sized tennis court, basketball court, pool area, and restaurant, providing guests with a true resort experience.

4. Manager's spacious apartment: The manager's apartment is a spacious three-bedroom, two-bathroom unit with a large outdoor area, providing comfortable living accommodations for the manager.

5. Potential for growth: The resort has the potential to increase its profits with the addition of the leased restaurant income, as well as potential for further development or expansion.

6. Valuation available: A full property valuation is available for approved buyers, providing transparency and confidence in the property's value.

7. Accommodation agreement: The resort operates under an accommodation agreement module, providing the manager with a secure 25-year term with 20 years remaining.

8. Pet-friendly: The manager's apartment allows for pets, making it an attractive option for pet-owning managers.

9. Range of unit types: The resort offers a variety of unit types, including holiday units, owner-occupied units, outside agent units, and lockup units, providing a diverse income stream for the manager.

10. Resort amenities: The resort offers a range of amenities such as a pool, spa, tennis court, BBQ area, and WIFI, providing guests with a comfortable and enjoyable stay.

Management Rights Multiplier: 3.51
ROI Estimate: 28.45%

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