Yorkeys Knob, Queensland

Prime FNQ Beachfront MR with the ultimate work life balance

$736K MR & $660K Unit = Total $1.396M

Business Description

The Golden Sands Beachfront Resort boasts fully self contained apartments with all the amenities you could wish for. The resort also offers a blend of short-term holiday lets and longer-term rentals, with 19 of the 32 units currently in the letting pool, 15 of which are allocated for short-term holiday stays. This property is the ultimate work-life balance in one of the worlds most sought after locations!

Settle into one of FNQ's most fantastic little communities of Yorkeys Knob - paradise awaits at this quiet beachfront location away from the hustle and bustle yet so close to all the features of tropical NQ. Nestled in this tranquil suburb, just North of Cairns, Golden Sands Beachfront Apartment Resort offers an unbeatable lifestyle and investment opportunity. Just a 1-minute stroll straight onto the pristine Yorkeys Knob Beach, this resort presents the perfect combination of luxury living and proximity to major attractions. The renowned Half Moon Bay Golf Course is only 1.1 km away, while the iconic Skyrail Rainforest Cableway is a short 7.4 km drive.

Beautiful ground-floor 3 bedroom manager's unit featuring a private patio with a serene tropical outlook. Recently updated with new air conditioning, a new hot water cylinder, and new ceiling fans throughout. Enjoy the convenience of direct access to the reception area.

There is also an additional $37,700 pa of rental income from the leased out restaurant which is additional income for the buyers which isn't included in the financials! There is the flexibility to have a nominee live in the managers lot allowing you the flexibility of having you home away from the business and running it even more passively.

This well-established management rights business presents a fantastic opportunity to step into a highly profitable operation in one of Cairns' most sought-after locations. With long-term agreements and a solid net profit, Golden Sands Beachfront Resort is perfectly positioned for a buyer seeking an upscale, lifestyle-driven business. Seize this rare opportunity to own a piece of tropical paradise!

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $736K MR & $660K Unit = Total $1.396M Net Profit: $219,000 Remuneration / Body Corp Salary: $101,000

Managers Unit

Value of Managers Apartment: $660,000Bedrooms: 3Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 32Total Units in Letting Pool: 19Owner Occupy Units: 8Outside Agent Units: 2Lockup Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 25 years

Marketing Agent

Shane Croghan

0418 45....

Ras360

Key Investment Insights

1. The Golden Sands Beachfront Resort is located in one of the most sought after locations in the world, offering a prime opportunity for buyers.
2. The resort offers a mix of short-term holiday lets and longer-term rentals, providing a diverse income stream for the buyer.
3. The property is situated in a tranquil suburb, away from the hustle and bustle but still close to major attractions and amenities.
4. The manager's unit is a spacious 3 bedroom apartment with a private patio and recent updates, providing a comfortable living space for the buyer.
5. The resort also has an additional source of income from a leased out restaurant, providing extra revenue for the buyer.
6. The management rights business is well-established and highly profitable, making it an attractive investment opportunity.
7. The long-term agreements and solid net profit make this business a low-risk investment.
8. The buyer has the flexibility to have a nominee live in the manager's unit, allowing for a more passive management approach.
9. The resort is managed by Ras360, a specialist in management rights, motels, hotels, pubs, and parks.
10. The total price for the management rights and manager's unit is $1.396 million, with a net profit of $219,000 and a remuneration/body corp salary of $101,000.

Management Rights Multiplier: 3.36
ROI Estimate: 29.76%