Yorkeys Knob, Queensland

Beachfront Dream Business – Yorkeys Knob Management Rights - ID 8595

$765,000

Business Description

North Queensland Management Rights for Sale
Consistent Performer, Absolute beachfront, with Excellent BC Salary

- 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

- Top up pending at next AGM (business to be sold with 20 year agreements)

- 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
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: $58,556

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

Marketing Agent

Antonio Curulli

MR Sales

Key Investment Insights

1. Absolute beachfront location with Coral Sea views, positioned directly on the beach, supporting strong capital appreciation potential.
2. Net profit $115,680 against an asking price of $765,000, business sale inclusive of manager's real estate.
3. Body Corporate salary $58,556.60 inclusive of GST, providing a stable recurring remuneration stream.
4. Expansive, fully refurbished three-bedroom managers residence with direct pool access, single garage, and on-title office, valued at $590,000.
5. 11 of 18 units in the letting pool, owners described as happy and supportive, indicating strong owner cooperation and lettings foundation.
6. Extensive apartment refurbishments completed, property described as ready to reap letting rewards, implying immediate revenue upside.
7. Resort-style guest amenities including pool, BBQ area, Wi-Fi and Pay TV, enhancing marketability to holiday and short-stay guests.
8. Large sinking fund of $115,000 available for future improvements, reducing near-term capital calls.
9. Agreement module accommodation with 25-year agreements and approximately 10 years remaining, providing medium-term contract stability.
10. Top-up pending at the next AGM, indicating a potential future increase in Body Corporate remuneration.
11. Prime convenience location, 500 metres to shopping and medical services and a 15-minute drive to the international airport, supporting both guest demand and lifestyle appeal.

Management Rights Multiplier: 1.51
ROI Estimate: 66.10%