Yorkeys Knob, Queensland

Vendor Ill Health - ID 8595

Serious Offers Above $715,000

Business Description

North Queensland Management Rights for Sale
Instructions to consider all serious offers above $715,000

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

- Well maintained gardens and pool

- Body Corporate salary $58,556.60 inclusive of GST

- Expansive absolute beachfront 3 bedroom fully refurbished managers residence.

- Large office on title

- Supportive committee and owners

- Agreements topped up to 20 years at recent AGM

- 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: $115,680
Offers Above: $715,000
(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: Serious Offers Above $715,000 Net Profit: $115,680 Remuneration / Body Corp Salary: $58,556Business Value: $125,000

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: 20 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Antonio Curulli

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Asking price: serious offers above $715,000, vendor selling due to ill health.
2. Net profit $115,680, indicating strong cashflow for the rights.
3. Body Corporate salary/remuneration $58,556.60 inclusive of GST, providing steady guaranteed income.
4. Managers apartment valued at $590,000, expansive absolute beachfront three-bedroom fully refurbished residence with two bathrooms, single garage and direct pool access.
5. Office on title, supporting on-site management and real estate operations.
6. 11 of 18 units are in the letting pool, offering immediate revenue-generating stock; six owner-occupied units reduce turnover risk.
7. Agreements recently topped up to 25 years with approximately 20 years remaining, creating long-term stability.
8. Large sinking fund of $115,000, enabling further capital works and reducing near-term levy risk.
9. Resort-style amenities include a well maintained pool, BBQ area, Wi-Fi and cable TV, enhancing letting appeal.
10. Extensive refurbishment of apartments and managers residence, positioning the property to reap higher letting returns.
11. Supportive committee and happy owners, indicating positive stakeholder relationships and lower conflict risk.
12. Prime location 500 metres from shopping and medical services, and a 15-minute drive to the international airport, with Coral Sea views enhancing long-term residential and tourist appeal.

Management Rights Multiplier: 1.08
ROI Estimate: 16.18%