Management Rights - Clifton Beach, QLD

Clifton Beach, QLD

$785,000

Property Description

Easy, Profitable, Permanent Complex in Clifton Beach, Far North Queensland

This easy to manage permanent complex with a modern, spacious 3 bedroom, 2 bathroom, fully airconditioned Managers Residence is the ideal business to mix with a sunny North Queensland lifestyle.

The complex consists of 44 (plus Managers Apartment) fresh, modern 3 bedroom, 2 bathroom apartments for permanent rentals. Occupancy is consistently 100% with the pet-friendly complex just a short drive to Clifton Beach, shops, schools and the James Cook University.

The business comfortably nets over $100,000 per annum, with no set hours of operation. The Body Corporate also contribute to the maintenance of the grounds, and are very accommodating with the onsite managers. A bus stop is only 100 metres from the front gate of this secure residential apartment complex.

Unit Price: $360,000
Business: $425,000
Multiplier: 4.2
TOTAL SALE PRICE: $785,000 neg
Financial Overview

Body Corp Salary:
65557
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
Net Profit:
$100,849
Manager's Unit Price:
$360,000
Management Rights Price:
$425,000
Letting Business

Est. Year Built: N/A
Total Units In Complex: 46


Inside Letting Pool

Permanent: 21
Holiday: 0
Corporate: N/A
Total: 21

Outside Letting Pool

Lock Up: 0
Outside Agents: 17
Self Managed: N/A
Owner Occpd: 7
Total: 24

Number & Type In Letting Pool
Number Type Features
Bed
Bed
Bed
Tariffs

Booking Type Details
Permanent
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3
Office Reception: Attached to Apartment
Office Software: Hirum
Office Hours: No set hours
Storage:
Office Computer:
Module: Accomm
Agreement Term: 25
Years To Run: 18
Manager's Unit Description: 3 Bedroom, 2 Bathroom, spacious open plan kitchen/dining/living, fenced yard with established gardens and lawn plus rear courtyard. Ideal for pet lovers (on approval of Body Corporate).

Facilities

Pool: Yes
Spa: No
Gym: No
Tennis Court: No
Sauna: No
Foxtel: Yes
Cable Installed: No
Pets Allowed: Yes
Barbeque Area: Yes
Wireless: No

Other Facilities:

Property Agent

Kirsten Lowis

Kirsten Lowis

Phone: 0488 900 619
Office: 1300 282 370

Email Listing Agent

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