North Queensland Management Rights for Sale
Consistent Performer, Absolute beachfront, with Excellent BC Salary Yorkey's Knob
- Guaranteed BC salary of $49,945.92 Inc GST, annual net profit of $101,800
- 11 units in letting pool, happy owners all on board
- Well maintained gardens and pool
- Expansive absolutebeachfront 3 bedroom fully refurbished managers residence.
- Large office on title
- Supportive committee and owners
- 17 years left on rights, with scope to top up to 25 years at next BC meeting
- Resort style pool and BBQ area, with Wi-Fi and Cable TV
- Extensively refurbished apartments, and ready to reap the rewards of letting.
- A large Sinking fund of $115,000 to undertake many more improvements
- 500m from all shopping, medical services and 15-minute drive to International Airport
Ideal for an active couple wishing to escape the cold southern states and looking to either maintain the letting pool or possibly take the property into its next phase of development, by tacking another adjoining property to the letting pool.
The absolute beachfront location is perfect, the residence expansive and comfortable, the complex is compact, and the lifestyle is relaxed and comfortable.
Showing a 41% return on the Business Investment, you cannot go wrong with this management rights, with sea views of the Coral Sea, your residential property will only appreciate over the life of the rights.
Net Profit: $101,800
Asking Price: $815,000
(Representing $590,000 Real Estate and $225,000 Management Rights)
For further information or to arrange an inspection of this North Queensland Management Rights business opportunity contact:
Management Rights Broker
Antonio Curulli
Property Code: 812
