Own the Dream - Permanent Letting Business Only Opportunity

$650,000

Permanent management rights, Clifton Beach QLD

Imagine owning a premium management rights business where luxury meets lifestyleset against the breathtaking backdrop of Clifton Beach, one of Far North Queenslands most coveted coastal destinations.
This represents a rare opportunity to secure business-only management rights in an established, high-quality resort and residential environment that attracts discerning tenants year-round.
It comprises a collection of quality luxury apartments and villas, designed to appeal to executive clients. The complex is well maintained, professionally presented, and benefits from consistent demand due to its location and quality offering.
The business demonstrates a reliable net profit, delivering attractive returns relative to the purchase price.
The business-only structure provides operational flexibility and reduced capital outlay, making this an efficient and scalable investment.
Very well located on the main road into Clifton Beach, this is a very safe and secure part of the Northern Beaches, close to shopping and beaches.
Long-term tenancies make this an easy-to-run operation, and with no real estate tied to the agreement.
There is a 25 year agreement with 23 years to run.
The managers exclusive use office space is an expansive 50m2 with plumbing installed.
All are long-term tenants, and with the opportunity to grow the letting pool.
No real estate on site and no residential obligation, combine to make this a very attractive opportunity.
Clifton Beach is a tightly held coastal market positioned within easy reach of Cairns, the international airport, and major regional attractions including the Great Barrier Reef and the Daintree Rainforest.
Opportunities of this calibreluxury accommodation, proven financial performance, and a prime beachside locationare rarely offered to the market.

More Information

Financial Overview

Total Purchase Price: $650,000
Net Income: $ 160,369 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 0
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.1
_{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: 17
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 40
_{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: 23
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 80
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 124,533
_{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: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

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

Complex Features: Resident and tenant facilities include a large, Balinese-inspired 25 metre lap pool with a pergola, and an undercover barbecue area. The poolside barbecue cabana has 2 electric barbecues and shower/toilet access.There is an excellent gym area with high-quality equipment. Secure undercover parking is also provided.