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Absolute Beachfront Holiday Resort at 2.9 Multiplier
$1,339,000
Resort / Holiday management rights, Yorkeys Knob QLD
Nestled in the tranquil community of Yorkeys Knob, just north of Cairns, this absolute beachfront property boasts fully self-contained apartments, providing guests with all the amenities they could wish for. With 19 of the 32 units currently in the letting pool15 designated for short-term holiday staysthe resort ensures a steady stream of income.
Investors will be pleased to note that the resort's financial performance includes an impressive 40% return on investment (ROI). This figure accounts for all revenue streams, including an additional $39,000 per annum from the leased-out restaurantincome that is not reflected in the resort's core financials. This supplementary revenue enhances the overall profitability, making it a compelling proposition for discerning investors.
Golden Sands Beachfront Resort is more than just a business it's a lifestyle. Situated just a 1-minute stroll from the pristine Yorkeys Knob Beach and the Coral Sea. Guests can unwind by the saltwater lagoon-style pool, enjoy a game of tennis/basketball, or dine at the on-site restaurant. The resort's prime location places it within close proximity to major attractions, including the renowned Half Moon Bay Golf Course and the iconic Skyrail Rainforest Cableway.
The property features a beautifully appointed ground-floor 3-bedroom manager's unit, complete with a private patio offering a serene tropical outlook. Recent updates include new air conditioning, a new hot water cylinder, new kitchen benchtops and new ceiling fans throughout. Direct access to the reception area ensures seamless operations.
With long-term agreements and a solid net profit, Golden Sands Beachfront Resort presents a fantastic opportunity to step into a highly profitable operation in one of Cairns' most sought-after locations. Whether you're seeking a lifestyle change or a sound investment, this property offers the best of both worlds. Seize this rare opportunity to own a piece of tropical paradise and enjoy a remarkable 40% ROI.
Call Alex today for further information.
More Information
- Total Purchase Price: $1,339,000
- Net Income: $ 224,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 690,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.9
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?