Beachfront holiday complex with restaurant

ID #web100

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Property details

Authority	open
Building Type	Low Rise
Garages	32
Features	Inground Pool, Tennis Court, lift
Pets Allowed?	No
Reference	88

Management Rights Information

Price	790000
Net Profit	$130,000
Net Profit Calculation Type	Actual
Remuneration	$63,000.00
Total Number of Units in Complex	32
Units in Letting Pool	16
Units Owner Occupied	2
Units Let by Outside Agents	1
Number of Lockup Units	0
MR Agreement Term (years)	25
Agreement Term Remaining (years)	23
Age of Complex (years)	23

Managers Unit Features

Office on Title	Yes
Office Attached to Unit	Yes
Value of Manager's Realestate ($AUD)	$440,000.00
Office Hours	yes
Bedrooms in Manager's Unit	2
Bathrooms in Manager's Unit	2
Carspaces with Manager's Unit	1
Additional Manager's Unit Features	Restaurant, store rooms on title and included in the real estate

Consultant details

Nicky van der Heijden
Phone:
Mobile: 0407369699
Email: nicky@resortsales.com

Enquiry Form

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The offering comprises the Management Rights business of Golden
Sands Beachfront Resort including the freehold of the managers
apartment and office and licensed restaurant which has a 2 year lease with $550p/w not included in the P&L.
Golden Sands Resort management rights first commenced operations in
October 1994 in an excellent beachfront location at 12-14 Deauville
Close at Yorkeys Knob on of Cairns favourite beaches.
Golden Sands Resort is one of the few absolute beachfront resorts in
Tropical North Queeensland with the distinct advantage of having it is
own restaurant. The resort comprises a total of
32 stylish and spacious apartments. These are made up of 25 one
bedroom apartments, 4 family apartments (extra large one bedroom)
and 3 two bedroom apartments.
The resort was constructed in late 1994 and has a proven track record as
a very successful property.
The resort occupies a large site in Deauville Close, which is a quiet cul-de-
sac providing privacy away from crowds or traffic noise. Having direct
access to the beach and all that goes with it, the resort provides guests
with a wide choice of activities available within close radius.
Within the 4 levels of the resort there is a small gymnasium, a table tennis
table and a tennis court with basketball ring. Guests enjoy the use of the
barbecue located near the delightful free form lagoon style swimming
pool set in a tropical garden shaded by a large sail.
Golden Sands is a quality complex operated by experienced managers
and represents an ideal opportunity for new comers seeking to enter into
the management rights industry.