Cairns, Queensland

Urgent Disposal - Price Slashed

$649,000 (Real Estate $279,000 Business $370,000)

Business Description

Located in Cairns, a tropical paradise where the rainforest meets the reef, and is the only place in the world where two world heritage-listed sites can be found side-by-side.

Exceptionally motivated vendor is relocating interstate for dream career opportunity.

Complex provides resort-style facilities and easy to maintain tropical style gardens, this is a low maintenance and low hours business.

The spacious manager's unit including two-bed plus study, 2 bath and car park with a recent $30,000* renovation.

A perfect opportunity for a couple or small family to work and play in the delights of this location.

Key points:-
* Motivated vendor requires a quick sale for moving cities
* Desirable location! Proximity to Pease Street cafes, bars, restaurants
* Long-term caretaking and letting agreements to 31 July 2040 (+17 years)
* $105,337* Projected full-year net profit (based on 1/8/22-31/03/23 P&L)
* $80,071*p.a. Current caretaker salary; locked-in CPI annual increases
* 15 Units in the permanent letting pool out of 34 units in the complex
* Opportunity for focussed new management to grow units in the letting pool
* Ideal business for a husband and wife or couple to run
* Low hours and low maintenance complex
* Resort facilities; outdoor heated pool, spa, barbecue facilities, and secure parking

Act now and do not delay as this is one incredible opportunity that will not last.

Contact Craig Cornish on ---------- .

Approx*

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

Business Summary

Marketing Agent
Craig Cornish
Craig Cornish

Ray White Commercial Gold Coast

Ray White Commercial Gold Coast

Key Investment Insights

1. Urgent disposal of a business located in Cairns, a popular tourist destination with two world heritage-listed sites.
2. Exceptionally motivated vendor who is relocating for a dream career opportunity.
3. Low maintenance and low hours business with resort-style facilities and easy to maintain tropical gardens.
4. Spacious manager's unit with recent renovations.
5. Ideal opportunity for a couple or small family to work and live in a desirable location.
6. Motivated vendor requiring a quick sale for moving cities.
7. Proximity to Pease Street cafes, bars, and restaurants.
8. Long-term caretaking and letting agreements in place until 2040.
9. Projected full-year net profit of $105,337.
10. Current caretaker salary of $80,071 with locked-in CPI annual increases.
11. 15 units in the permanent letting pool out of 34 units in the complex.
12. Opportunity for new management to grow units in the letting pool.
13. Ideal business for a husband and wife or couple to run.
14. Resort facilities include outdoor heated pool, spa, barbecue facilities, and secure parking.
15. Act quickly as this opportunity will not last.
16. Contact Craig Cornish for more information.
17. Disclaimer: Ray White has not independently verified the information provided and makes no warranty as to its accuracy. Prospective purchasers/lessees should conduct their own investigations.
Listing location
Video
  • Floor Plan
  • Enquire Now

    Thank you, your enquiry has been sent now.

    Listing Tools

    Management Rights

    Receive new listing alerts

    Sign up
    Similar For Sale

    You may also like

    Absolute World Class Beachfront Management Rights - ID 9182
    MR Sales
    Absolute World Class Beachfront Management...

    PALM COVE

    $590,000

    Net Income: $70,000
    Managers Estate: $400,000 2 Bed 2 Bath
    Letting Pool: 1
    Remuneration: $70,000

    Popular Tourist Town, Fully Renovated Freehold Hotel, Large Guest House  - 127HL
    Tourism Brokers
    Popular Tourist Town, Fully Renovated...

    CAIRNS CITY

    LEASEHOLD $495,000

    Restaurant Facilities: -
    Liquor Licence: -
    Restaurant: -

    Entry Level Permanent Management Rights - ID 8797
    MR Sales
    Entry Level Permanent Management Rights -...

    YORKEYS KNOB

    $600,000

    Net Income: $70,000
    Managers Estate: $395,000 3 Bed 1 Bath
    Letting Pool: 1
    Remuneration: $72,000

    Absolute Beach Front Management Rights - ID 8595
    MR Sales
    Absolute Beach Front Management Rights - ID...

    YORKEYS KNOB

    $765,000

    Net Income: $115,680
    Managers Estate: $590,000 3 Bed 2 Bath
    Letting Pool: 18
    Remuneration: $45,923

    SOLID MR BUSINESS AT A MULTIPLIER OF 2.3x NET PROFIT IN EXCESS OF $200K | Resort Brokers ID : MR008032
    ResortBrokers
    SOLID MR BUSINESS AT A MULTIPLIER OF 2.3x...

    CAIRNS NORTH

    $711,500

    Net Income: $228,700
    Managers Estate: $300,000 3 Bed 2 Bath
    Letting Pool: 26
    Remuneration: $41,852

    More For Sale Searches
      BRISBANE MOTEL - PASSIVE INVESTMENT
      Rare MHE Investment: Offers Retirement Lifestyle plus Income! - 2766MHEI
      Exclusive - Caretaking Only - No Licence Required - ID 9188
      Exclusive - Beautiful QLD Beachside Lifestyle Business - ID 9186
      Above Average Passive Investment 9% Roi on Purchase price of $1,395,000
      Renovated Mid North Coast Freehold Going Concern Motel - 23 Rooms - 1P6333M
      Unlock a Thriving Accommodation Opportunity: Invest in Tauranga's Arty Apartments.
      Thriving Area, Excellent Returns, A Unique Management Rights Opportunity!
      Undervalued Opportunity $67,900 Guaranteed Income, Prime Ground Floor Unit.
      Beautiful Bayside Lifestyle Business and Great Manager Residence
      Waterfront Mixed letting in Biggera Water/brilliant business !!
      LARGE PERMANENT MANAGEMENT RIGHTS - $635K+ NOP BOWEN HILLS - BRISBANE | Resort Brokers ID : MR008661
      Absolute Beachfront Management Rights Opportunity - Pavilion Apartments, Mount Maunganui
      Well-Maintained And Easily Manage Well Presented And Maintained 25 Room Motel With Upside - 2029ML
      Waterfront short-term business netting over $900k | Resort Brokers ID : MR008616
      Gold Coast Broadwater holiday MR offering a 16% ROI | Resort Brokers ID : MR008550
      Prime Management Rights in Robina - High Returns & Modern Facilities | Resort Brokers ID : MR008617
      Brisbane’s Best Business Only MLR – Dual Complex, Low Maintenance, High Returns!