Yorkeys Knob, Queensland

Absolute Beach Front Management Rights - ID 8595

$765,000

Business Description

North Queensland Management Rights for Sale

Consistent Performer, Absolute beachfront, with Excellent BC Salary – Yorkey’s Knob

- 11 units in letting pool, happy owners all on board

- Well maintained gardens and pool

- Expansive absolute beachfront 3 bedroom fully refurbished managers residence.

- Large office on title

- Supportive committee and owners

- 11 years remaining on agreement with scope to top up

- Resort style pool and BBQ area, with Wi-Fi and Cable TV

- Extensively refurbished apartments, and ready to reap the rewards of letting.

- A large sinking fund of $115,000 to undertake many more improvements

- 500m from all shopping, medical services and 15-minute drive to International Airport

The absolute beachfront location is perfect, the residence expansive and comfortable, the complex is compact, and the lifestyle is relaxed and comfortable.

With views of the Coral Sea, your residential property will only appreciate over the life of the rights. You can't go wrong with this management rights opportunity.

Net Profit January 2024 – December 2024: $115,680
Asking Price: $765,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this North Queensland Management Rights business opportunity contact:

Management Rights Broker

Antonio Curulli

Property Code: 812

Business Summary

Business Snapshot

Price: $765,000 Net Profit: $115,680 Remuneration / Body Corp Salary: $45,923

Managers Unit

Value of Managers Apartment: $590,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Spacious three bedrooms and two bathrooms. It offers direct pool access and includes a single-car garage.

Complex Information

Complex Type: MixedTotal Units in Complex: 18Total Units in Letting Pool: 11Owner Occupy Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 11 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Antonio Curulli
Antonio Curulli

Key Investment Insights

- Consistent performer with a net profit of $115,680 for the year 2024
- Prime absolute beachfront location with views of the Coral Sea
- 11 units in the letting pool, with happy owners and a supportive committee
- Well-maintained gardens and pool, providing a resort-style atmosphere
- Expansive and fully refurbished 3-bedroom manager's residence with direct pool access
- Large office on title for convenience and efficiency
- 11 years remaining on the agreement with potential to top up
- Extensively refurbished apartments, ready to generate higher returns
- A large sinking fund of $115,000 for future improvements and maintenance
- Conveniently located just 500m from shopping and medical services, and 15 minutes from the international airport.
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2. "To Kill a Mockingbird" by Harper Lee
3. "1984" by George Orwell
4. "Pride and Prejudice" by Jane Austen
5. "The Catcher in the Rye" by J.D. Salinger
6. "The Lord of the Rings" by J.R.R. Tolkien
7. "The Chronicles of Narnia" by C.S. Lewis
8. "The Harry Potter series" by J.K. Rowling
9. "The Little Prince" by Antoine de Saint-Exupéry
10. "The Diary of Anne Frank" by Anne Frank<|endoftext|>__
1. The current state of the economy
2. The ongoing political climate
3. The impact of technology on society
4. Climate change and environmental issues
5. Social justice and equality
6. Mental health and well-being
7. Globalization and international relations
8. Education and its role in society
9. The changing job market and future of work
10. Healthcare and access to medical services.<|endoftext|>x = -3

Management Rights Multiplier: 1.51
ROI Estimate: 66.10%

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