Yorkeys Knob, Queensland

Exclusive - Absolute Beach Front Management Rights - ID 8595

$815,000

Business Description

North Queensland Management Rights for Sale

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

- Guaranteed BC Salary of $49,945.92 Inc GST, Annual Net Profit of $101,800

- 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

- 17 Years left on rights, with scope to top up to 25 Years at next BC meeting

- Resort Style Pool and BBQ area, with Wi-Fi and Cable TV

- Extensively refurbished apartment, 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

Ideal for an active couple wishing to escape the cold southern states and looking to either maintain the letting pool or possibly take the property into its next phase of development, by tacking another adjoining property to the letting pool.

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

Showing a 41% return on the Business Investment, you cannot go wrong with this management rights, with sea views of the Coral Sea, your residential property will only appreciate over the life of the rights.

Net Profit: $101,800

Asking Price: $815,000

(Representing $590,000 Real Estate and $225,000 Management Rights)

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

Exclusive Management Rights Broker

Antonio Curulli

Property Code: 812

Business Summary

Business Snapshot

Price: $815,000 Net Profit: $101,800 Remuneration / Body Corp Salary: $49,954

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: 17 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Antonio Curulli
Antonio Curulli

Key Investment Insights

Key Insights:

1. Guaranteed BC Salary of $49,945.92 Inc GST, Annual Net Profit of $101,800.
2. 11 units in Letting Pool, with happy owners.
3. Well-maintained gardens and pool.
4. Expansive Absolute Beachfront 3 Bedroom Fully Refurbished Managers Residence.
5. Large Office on title.
6. Supportive Committee and Owners.
7. 17 Years left on rights, with scope to top up to 25 Years at next BC meeting.
8. Resort Style Pool and BBQ area, with Wi-Fi and Cable TV.
9. Extensively refurbished apartment, ready for letting.
10. Large Sinking fund of $115,000 for future improvements.
11. Close proximity to shopping, medical services, and international airport.
12. Potential for growth and development by adding another adjoining property to the letting pool.
13. Ideal for an active couple looking for a relaxed and comfortable lifestyle.
14. Showing a 41% return on the Business Investment.
15. Sea views of the Coral Sea add value to the residential property.
16. Spacious three-bedroom, two-bathroom Managers Apartment with direct pool access.
17. Mixed complex with a total of 18 units, 11 in the letting pool, and 6 owner-occupied.
18. Agreement Module: Accommodation, with 25 years term and 17 years remaining.
19. Additional amenities include a pool, BBQ area, pay TV, and Wi-Fi.
20. Pets are allowed in the Managers Apartment.
21. Purchase price includes $590,000 for the real estate and $225,000 for the management rights.

Management Rights Multiplier: 2.21
ROI Estimate: 45.24%

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