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A REAL LIFESTYLE RESORT
$710.000
Permanent management rights, Clifton Beach QLD
The complex is located in an absolute prime location on a unrepeatable beachfront site at beautiful Clifton Beach 18 Kilometers from Cairns CBD and Cairns International Airport.
Being one of several beaches that make up the Cairns Beaches tourist strip, Clifton Beach is a quiet pristine unspoiled area where there is uncrowded time to enjoy the surrounding natural beauty of the area.
Adjacent is Palm Cove with it's many shops and restaurants, while the shopping and night life of the Cairns CBD is a casual 20 minute drive along the 4 lane Cook Highway.
The complex is a security gated complex designed and constructed in 2003 it is regarded as one of the outstanding accommodation complexes in the Clifton Beach /Palm Cove area.
The complex provides spacious and luxurious accommodation in a tropical garden environment with twelve separate buildings each comprising two adjoining villa apartments side be side totaling 24 four bedroom apartments
Current managers operate the complex only as caretaking managers with 2 lettings which has future increasing potential. This is a very easy to run lifestyle complex.
Small pet is allowed.
Features
* Swimming Pool
* Spa
* BBQ Area
* Security Gated / Intercom
* Beachfront property
* Established gardens
The Facts
* Located in prestigious Clifton Beach
* 4 bedroom 2.5 bathroom managers unit
* 24 units (2 in letting)
The Seller will also assign a additional contract for managing a luxury beachfront holiday house to the purchaser. This contract is expected to generate additional $10,000 of net profit p.a. This profit is not currently factored int the asking price.
More Information
- Total Purchase Price: $710.000
- Net Income: $ 69,800
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 575,000
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?