Yorkeys Knob, Queensland

Absolute Beachfront Resort

Under Contract / Offer

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

Business Snapshot

Price: Under Contract / Offer Net Profit: $224,000 Remuneration / Body Corp Salary: $103,668Business Value: $649,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $690,000Bedrooms: 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: 19Owner Occupy Units: 9Outside Agent Units: 2Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Alex Barker-Ré

0414 83....

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

1. The resort is located in the tranquil community of Yorkeys Knob, just north of Cairns.
2. The property boasts fully self-contained apartments, providing guests with all the amenities they could wish for.
3. 19 out of 32 units are currently in the letting pool, with 15 designated for short-term holiday stays.
4. The resort has a steady stream of income, with a 40% return on investment (ROI).
5. The resort's financial performance includes an additional $39,000 per annum from the leased-out restaurant, enhancing overall profitability.
6. The resort is situated just a 1-minute stroll from Yorkeys Knob Beach and the Coral Sea.
7. Guests can enjoy the saltwater lagoon-style pool, tennis/basketball courts, and on-site restaurant.
8. The property features a beautifully appointed 3-bedroom manager's unit with recent updates.
9. The resort is in close proximity to major attractions, including a golf course and the Skyrail Rainforest Cableway.
10. The resort has long-term agreements and a solid net profit.
11. The manager's unit is valued at $690,000 and includes a spacious outdoor area.
12. The complex is of the holiday type and has a total of 32 units, with 19 in the letting pool.
13. The agreement module is accommodation with a term of 25 years remaining.
14. The complex has a pool, spa, tennis court, BBQ area, and WIFI.
15. The property offers a rare opportunity to own a piece of tropical paradise and enjoy a remarkable 40% ROI.

Management Rights Multiplier: 2.90
ROI Estimate: 16.73%