Clifton Beach, Queensland

Management Rights $895,000

Property Description

TROPICAL RESORT LIFESTYLE WITH STUNNING ONSITE HOME WITH AN OCEAN VIEW - 1P4384MR

CRE Brokers is pleased to present these management rights in a highly sought-after location in Far North Queensland.

This gated community consists of 24 townhouse style apartments with well-maintained gardens and Resort-style Pool and BBQ area. The manager's residence is a 4 bedroom 2 bath with Ocean views, double garage, quality finishes with stone kitchen tops.

There is a 2 room office on title to service future growth, generous BC remuneration with low maintenance facilities.

Right in the heart of a tourism hub, with scope for the future.

TOTAL NUMBER OF UNITS : 24
UNITS IN LETTING POOL : 4

NET PROFIT : $86,000 (projected)

REAL ESTATE PRICE : $535,000
BUSINESS PRICE : $360,000
TOTAL ASKING PRICE : $895,000

Property Summary

Business Snapshot

Price: Management Rights $895,000 Net Profit: $69,559 Remuneration / Body Corp Salary: $48,504Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $530,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: MixedTotal Units in Complex: 24Total Units in Letting Pool: 2Holiday Units: 1Permanent Units: 1Owner Occupy Units: 15Outside Agent Units: 6Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: YesPay TV: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS

Marketing Agent


Marketing Agency

CRE Brokers

Tom Noonan
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Clifton Beach, Queensland 4879 Exact map location not provided

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RAAS Group