Yorkeys Knob, Queensland

$579,000

Property Description

Business For Sale - Entry Level Permanent Management Rights - ID 8797 BL

- North Queensland Management Rights For Sale
- Consistent Performer - Owners Retiring After 13 Years of Solid Trading
- Permanent management rights for sale
- Guaranteed Body Corporate Salary of $55,000, annual net profit of $60,000
- 8 units in the letting pool, great scope to improve with 6 held by outside agents
- Tropical location near golden sandy beaches
- Expansive 3 bedroom manager's residence, great balcony area and a 10m² storage cage
- Office on title, off the residence with no set office hours
- Supportive committee and owners
- 20 years remaining on agreements with the potential to top up to 25 years
- Resort style pool and BBQ area
- Minutes from all shopping, medical services and Cairns International Airport
- Would suit a semi retired couple looking to slow to down, perhaps enjoy some fishing or play golf
- This easy to run complex offers a solid long term income with excellent lifestyle

Also available is 2 units for $115,000 each which would lift income from $60,000 to around $75,000.

Net Profit $60,000
Asking Price: $579,000
(Inclusive of manager's real estate)

For further information on this North Queensland management rights business for sale contact:

Management Rights Broker
Antonio Curulli

Property Summary

Business Snapshot

Price: $579,000 Net Profit: $60,000 Remuneration / Body Corp Salary: $55,170Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $339,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On Title
90m², 3 bedrooms, 1 bathroom, Car park, Views of the pool

Complex Information

Complex Type: PermanentTotal Units in Complex: 20Total Units in Letting Pool: 8Permanent Units: 8Owner Occupy Units: 5Outside Agent Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: YesPay TV: Yes

Marketing Agent


Marketing Agency

MR Sales

Antonio Curulli
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Yorkeys Knob, Queensland 4878 Exact map location not provided

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