Yorkeys Knob, Queensland

Absolute Beach Front Management Rights - ID 8595

Offers Over $775,000

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 $95,380

- 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 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.

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: $95,380
Offers Over $775,000
(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: Offers Over $775,000 Net Profit: $95,380 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

MR Sales

Key Investment Insights

Key Insights:

1. Consistent performer with a guaranteed BC salary of $49,945.92 Inc GST and an annual net profit of $95,380.

2. Prime absolute beachfront location with 11 units in the letting pool and happy owners.

3. Well-maintained gardens and pool, creating a desirable resort-style atmosphere.

4. Expansive 3 bedroom fully refurbished manager's residence with ocean views.

5. Large office on title for convenient on-site management.

6. Supportive committee and owners, creating a positive working environment.

7. 17 years left on the management rights agreement, with potential to extend to 25 years at the next BC meeting.

8. Resort-style pool and BBQ area, with added amenities such as Wi-Fi and Cable TV.

9. Extensively refurbished apartments, ready to generate strong returns through letting.

10. A large sinking fund of $115,000 for future improvements to the complex.

11. Convenient location, only 500m from shopping and medical services and a 15-minute drive to the international airport.

12. Showing a 41% return on the business investment, with potential for future growth and appreciation of the residential property.

13. Manager's apartment valued at $590,000, offering spacious living and direct pool access.

14. Mixed complex with a total of 18 units, including 11 in the letting pool and 6 owner-occupied units.

15. Accommodation agreement module with 25 years remaining, providing long-term stability for the management rights business.

16. Added amenities such as a pool, BBQ area, pay TV, and Wi-Fi, creating a desirable holiday destination for guests.

17. Overall, a well-maintained and profitable management rights business opportunity in a prime beachfront location.

Management Rights Multiplier: 1.94
ROI Estimate: 51.56%