Man­ag­ing with class Rights op­por­tu­nity at Ely­sium

The Cairns Post - - BUSINESS WEEK - ALI­CIA NALLY ali­cia.nally@news.com.au

AN in­vest­ment of just over $1 mil­lion could se­cure the right per­son a job and a life­style in one of Far North Queensland’s most sought-af­ter sub­urbs.

Man­age­ment rights over one of the new­est and most mod­ern re­sorts at Palm Cove, Ely­sium, of­fers 27 mod­ern apart­ments fea­tur­ing dual key let­ting abil­ity and the op­por­tu­nity to earn ad­di­tional in­come from an ex­ter­nal rent roll of de­sir­able prop­er­ties in the sur­round­ing area.

Sell­ing agent RE/MAX Real Es­tate Ser­vices’ Ray Mur­phy said the op­por­tu­nity al­lowed an op­er­a­tor to take the busi­ness “to the next level”.

“This is a rare of­fer­ing as most man­age­ment rights sales in Palm Cove are for mas­sive com­plexes,” he said.

“Ely­sium is a com­plex of only 27, there­fore it would be easy for a sin­gle op­er­a­tor or a cou­ple to man­age while en­joy­ing an amaz­ing life­style in par­adise. Fur­ther­more the cur­rent own­ers are stay­ing lo­cal and are happy to train the new own­ers.

“The prop­erty is just new on the mar­ket and is ready for the new own­ers to take ad­van­tage of the win­ter tourism rush.

“Man­age­ment rights deals give the own­ers the com­fort of fixed in­come. The seller has fully au­dited fig­ures and is keen to do a deal to­day.”

Mr Mur­phy said the chance to es­cape an of­fice en­vi­ron­ment would ap­peal to many look­ing for a ca­reer change.

The cur­rent owner has held the rights for more than three years and, with a back­ground in free­hold mo­tel man­age­ment, said Ely­sium of­fered the chance to con­tinue in the same in­dus­try for a smaller fi­nan­cial in­vest­ment.

“In man­age­ment rights, the costs are shared among all the own­ers, and there is al­ready a nice buf­fer with a sink­ing fund. If a roof leaks, you have that money,” she said.

“The lo­ca­tion is just so beau­ti­ful. In two min­utes you’re on the beach, can have a cof­fee, you can shut the of­fice at 4.30pm and go for a walk along the fore­shore, it’s just a nice life­style.”

The $1.185 mil­lion price tag in­cludes a large man­ager’s apart­ment which of­fers pri­vacy and con­ve­nience.

For in­for­ma­tion con­tact Mr Mur­phy on 0408 079 340.

TOP LOT: Man­age­ment rights are on of­fer for Ely­sium apart­ments at Palm Cove.

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