Clifton Beach, Queensland

$785,000

Property Description

Easy, Profitable, Permanent Complex in Clifton Beach, Far North Queensland

This easy to manage permanent complex with a modern, spacious 3 bedroom, 2 bathroom, fully airconditioned Managers Residence is the ideal business to mix with a sunny North Queensland lifestyle.

The complex consists of 44 (plus Managers Apartment) fresh, modern 3 bedroom, 2 bathroom apartments for permanent rentals. Occupancy is consistently 100% with the pet-friendly complex just a short drive to Clifton Beach, shops, schools and the James Cook University.

The business comfortably nets over $100,000 per annum, with no set hours of operation. The Body Corporate also contribute to the maintenance of the grounds, and are very accommodating with the onsite managers. A bus stop is only 100 metres from the front gate of this secure residential apartment complex.

Unit Price: $360,000
Business: $425,000
Multiplier: 4.2
TOTAL SALE PRICE: $785,000 neg

Property Summary

Business Snapshot

Price: $785,000 Net Profit: $100,849 Remuneration / Body Corp Salary: $65,557

Managers Unit

Value of Managers Apartment: $360,000Bedrooms: 3

Complex Information

Complex Type: ResortTotal Units in Complex: 46Total Units in Letting Pool: 21Holiday Units: 21Owner Occupy Units: 7Agreement Term: 25 yearsAgreement Term Remaining: 18 years

Marketing Agent

  • Ronnie Slebos

  • 0414 964 333
  • 0414 964 333
  • send email

Marketing Agency

RAAS Group

RAAS Group

RAAS Group

Ronnie Slebos
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Clifton Beach, Queensland 4879 Exact map location not provided

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