Managing with class Rights opportunity at Elysium
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.