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Management Rights
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Perfect Permanent at the Beach

$1,350,000

Permanent management rights, Yorkeys Knob QLD

A property to fall in love with in perfect position - minutes to Beach, Marina, Shops and Golf Course.
No set office hours.
Delightful gated community, permanent complex in the Northern Beaches of Cairns.
Golf course is next door, with the marina and boat ramp behind the complex.
Spacious 2 bedroom 2 bathroom managers apartment with 2 carparks.
Very good, well managed business with excellent potential and easily run as a one person operation.
Top salary of $105,500 plus GST and excellent cash flow business.
Managers unit rents at over $27,000 pa (not included in figures).
Cairns currently has one of the lowest vacancy rates in the country at less than 1%, and rental rates are on the rise due to quality rental shortage.
Manager is not required to live onsite.
Agreements Gallery Vie compliant.
Contact Alex or Calvin for full property details.

More Information

Financial Overview

Total Purchase Price: $1,350,000
Net Income: $ 210,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 450,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.3
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 39
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 9
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 52
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 105,500
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 15 years
_{How long has the management rights existed.}

Office Hours: No set hours
_{Required Office Hours}

Complex Features: Large lap pool, Landscaped gardens, fully secured property and basement parking, lift to all levels, 2mins walk to beach, marina, shops and golf course.

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 450,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Spacious and stylish 2 bedroom 2 bathroom managers apartment - extensive open plan dining, huge balcony, with two carparks and adjoining office, all on title.