Yorkeys Knob, Queensland

First time offered for sale

SOLD

Business Description

This stunning contemporary complex is being offered for sale for the first time and with Calvin Bailey Management Rights.
Just footsteps to the beachfront on one of Cairns most exciting northern beaches, this architectural gem is in position A.
There is no manager's unit to purchase, making this a great return as a first time opportunity or add-on management rights. An exclusive use large office and reception area is included.
There are no set office hours and no requirement to live on site, giving you the ability to also work elsewhere whilst securing these rights.
The property is zoned for either Holiday or Permanent letting. Currently permanent let, this beautiful complex would also suit holiday letting, making your returns even greater.

Call Alex today for more information on this great business opportunity.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $42,100 Remuneration / Body Corp Salary: $22,100Business Value: $150,000Body corp salary review: CPI Annually

Complex Information

Complex Type: PermanentTotal Units in Complex: 21Total Units in Letting Pool: 10Owner Occupy Units: 2Outside Agent Units: 9Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesBBQ Area: Yes

Marketing Agent

Alex Barker-Ré

0414 83....

Calvin Bailey Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. First time offered for sale
2. Located in a highly desirable area with beachfront access
3. No manager's unit to purchase, making it a great opportunity for first-time buyers or as an add-on management rights
4. Exclusive use large office and reception area included
5. No set office hours and no requirement to live on site, allowing for flexibility and potential for additional income
6. Zoned for both holiday and permanent letting, providing potential for increased returns
7. Currently permanent let, but could also suit holiday letting
8. Business includes a net profit of $42,100 and a remuneration/body corp salary of $22,100
9. Body corp salary review is CPI annually
10. Complex consists of 21 units, with 10 in the letting pool and 2 owner-occupied units
11. Agreement module is accommodation with a term of 25 years and 23 years remaining
12. Amenities include a pool and BBQ area.