Yorkeys Knob, Queensland

Absolute Beachfront Holiday Resort

$1,396,000

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: $1,396,000 Net Profit: $219,000 Remuneration / Body Corp Salary: $101,000Body 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: 20Owner Occupy Units: 8Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Alex Barker-Ré

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

1. Prime location in an emerging holiday beachside area.
2. Absolute beachfront property with rainforest park blending the resort with the beachfront.
3. Resort facilities including a full-sized tennis court, basketball court, pool area, and restaurant.
4. Manager's apartment is a spacious three bedroom, two bathroom unit with a huge outdoor area.
5. Freehold restaurant included in the sale, currently leased.
6. Potential for growth and increased profits.
7. Full property valuation available for approved buyers.
8. Manager's unit and restaurant on title.
9. Pet-friendly complex.
10. Accommodation agreement module with 25 years remaining.
11. 20 units in the letting pool, 8 owner-occupied units, and 3 lockup units.
12. Resort amenities include a pool, spa, tennis court, BBQ area, and WIFI.
13. Net profit of $219,000 and remuneration/Body Corp salary of $101,000.
14. Body Corp salary review of CPI annually.

Management Rights Multiplier: 3.50
ROI Estimate: 28.59%