Yorkeys Knob, Queensland

Must Be Sold - 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. Absolute beachfront North Queensland management rights opportunity with Coral Sea views and a relaxed resort style setting.
2. Established letting pool comprises 11 units, with supportive owners and committee involvement.
3. Body corporate remuneration is $58,556.60 inclusive of GST, alongside stated net profit of $115,680.
4. Expansive, fully refurbished three bedroom, two bathroom managers’ residence includes direct pool access and a single car garage.
5. Large office on title provides dedicated management workspace within the complex.
6. Agreements were topped up to 20 years at the recent AGM, supporting longer term operational continuity.
7. Resort facilities include a maintained pool, BBQ area, Wi Fi and cable television.
8. A $115,000 sinking fund is available for further complex improvements.
9. The compact 18 unit complex includes six owner occupier units and 11 units in the letting pool.
10. Shopping and medical services are approximately 500 metres away, with the international airport around 15 minutes’ drive.

Management Rights Multiplier: 1.08
ROI Estimate: 16.18%