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Prime FNQ Beachfront MR with the ultimate work life balance
$736K MR&$660K Unit = Total $1.396M
Resort / Holiday Management Rights, YORKEYS KNOB QLD
The Golden Sands Beachfront Resort boasts fully self contained apartments with all the amenities you could wish for. The resort also offers a blend of short-term holiday lets and longer-term rentals, with 19 of the 32 units currently in the letting pool, 15 of which are allocated for short-term holiday stays. This property is the ultimate work-life balance in one of the worlds most sought after locations!
Settle into one of FNQ's most fantastic little communities of Yorkeys Knob - paradise awaits at this quiet beachfront location away from the hustle and bustle yet so close to all the features of tropical NQ. Nestled in this tranquil suburb, just North of Cairns, Golden Sands Beachfront Apartment Resort offers an unbeatable lifestyle and investment opportunity. Just a 1-minute stroll straight onto the pristine Yorkeys Knob Beach, this resort presents the perfect combination of luxury living and proximity to major attractions. The renowned Half Moon Bay Golf Course is only 1.1 km away, while the iconic Skyrail Rainforest Cableway is a short 7.4 km drive.
Beautiful ground-floor 3 bedroom manager's unit featuring a private patio with a serene tropical outlook. Recently updated with new air conditioning, a new hot water cylinder, and new ceiling fans throughout. Enjoy the convenience of direct access to the reception area.
There is also an additional $37,700 pa of rental income from the leased out restaurant which is additional income for the buyers which isn't included in the financials! There is the flexibility to have a nominee live in the managers lot allowing you the flexibility of having you home away from the business and running it even more passively.
This well-established management rights business presents a fantastic opportunity to step into a highly profitable operation in one of Cairns' most sought-after locations. With long-term agreements and a solid net profit, Golden Sands Beachfront Resort is perfectly positioned for a buyer seeking an upscale, lifestyle-driven business. Seize this rare opportunity to own a piece of tropical paradise!
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $736K MR&$660K Unit = Total $1.396M
- Net Income: $ 219,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 660,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?