Yorkeys Knob, Queensland

Absolute Beachfront

SOLD

Business Description

This Cairns Beaches tropical resort is absolute beachfront.
A rainforest park blends the resort with the beachfront - and the poolside restaurant and bar provides guests with a tropical dining facility.
The gymnasium and full sized tennis court provide real resort facilities.
Manager has large two bedroom en-suited apartment.
The restaurant is on title, includes most equipment and has leased operators. $30,000 rental income is being enjoyed and this is not included in the management rights income or pricing.
This resort property is located in an emerging holiday beachside area and has the potential to really move.

Call Alex today for further information

Business Summary

Business Snapshot

Price: SOLD Net Profit: $140,000 Remuneration / Body Corp Salary: $70,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $445,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Good sized manager's apartment with nice patio area. S offices and restaurant on same title.

Complex Information

Complex Type: MixedTotal Units in Complex: 32Total Units in Letting Pool: 15Owner Occupy Units: 4Outside Agent Units: 13Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesGym: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Alex Barker-Ré

Calvin Bailey Management Rights

Key Investment Insights

1. The business is located in an emerging holiday beachside area, indicating potential for growth.
2. The resort has a rainforest park that blends with the beachfront, providing a unique and tropical atmosphere.
3. The resort offers a range of facilities, including a poolside restaurant and bar, gymnasium, and full-sized tennis court.
4. The manager's apartment is a large two-bedroom unit with en-suite, providing comfortable accommodation for the manager.
5. The restaurant is included in the sale and generates additional rental income.
6. The property is located in an area with potential for growth, indicating potential for increased revenue.
7. The manager's apartment and offices are on the same title, providing convenience for the manager.
8. The complex has a mix of owner-occupied and let units, providing a diverse tenant base.
9. The agreement term is 25 years with 20 years remaining, providing long-term stability for the business.
10. The complex offers a range of amenities, including a pool, spa, gym, tennis court, and BBQ area, providing a resort-like experience for guests.

Management Rights Multiplier: 3.71
ROI Estimate: 26.92%