Yorkeys Knob, Queensland

Entry Level Permanent Management Rights - ID 8797

$600,000

Business Description

Cairns Northern Beaches – Consistent Performer
Caretaking Only Management Rights for Sale

- Guaranteed BC salary of $66,605 inclusive GST

- Only requires 1 person to do the duties and can be working with a job as well

- Tropical Location near gold and sandy beaches

- Expansive 3 bedroom managers residence, with great balcony area and a 10sqm cage.

- Double office on-title, downstairs from residence

- 3 bed unit and office rents for $350 per week

- Supportive committee and owners

- 16 years left on rights, with scope to top up to 21 years at next BC meeting

- Resort style pool and BBQ area

- No set hours required, would suit a semi-retired couple, looking to slow down and fish and play golf.

- Minutes from all shopping, medical services, and International Airport

Solid Long-Term Income with Excellent Lifestyle

Net Profit: $70,000
Price: $600,000 (Real Estate $395,000 and Management Rights $205,000) Multiplier 2.93

For further information or to arrange an inspection of this Cairns Management Rights business for sale contact:

Management Rights Broker
Antonio Curulli

Property Code: 833

Business Summary

Business Snapshot

Price: $600,000 Net Profit: $70,000 Remuneration / Body Corp Salary: $72,000

Managers Unit

Value of Managers Apartment: $395,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Pets OK: Yes

Complex Information

Complex Type: n/aTotal Units in Complex: 20Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 16 yearsPool: YesBBQ Area: Yes

Marketing Agent

Antonio Curulli

MR Sales

Key Investment Insights

1. Consistent performer with a guaranteed BC salary of $66,605 inclusive GST.
2. Only requires one person to do the duties, allowing for potential for additional employment.
3. Located in a tropical location near beautiful beaches.
4. Spacious 3 bedroom manager's residence with a large balcony and additional storage space.
5. Double office included on-title, located downstairs from the residence.
6. Additional income potential with the 3 bedroom unit and office renting for $350 per week.
7. Supportive committee and owners.
8. Long-term potential with 16 years left on rights and the option to top up to 21 years at the next BC meeting.
9. Resort-style pool and BBQ area for residents to enjoy.
10. Flexible hours, making it suitable for a semi-retired couple looking to slow down and enjoy a relaxed lifestyle.
11. Close proximity to shopping, medical services, and an international airport.
12. Solid long-term income with an excellent lifestyle.
13. Net profit of $70,000.
14. Price includes real estate and management rights, with a multiplier of 2.93.
15. Manager's unit valued at $395,000 and features 3 bedrooms, 1 bathroom, and 1 car space.
16. Complex consists of 20 units and is under an accommodation agreement module with 20 years remaining.
17. On-site amenities include a pool and BBQ area.

Management Rights Multiplier: 2.93
ROI Estimate: 34.15%