Cairns, Queensland
Prime Location Tropical North Qld Management Rights Business with
28% ROI and 4 Bedroom Residence - 1P6016MR
Management Rights $1,090,00
Business Description
CRE Brokers are pleased to exclusively present this opportunity to acquire the Cairns Reef Apartments and Motel, a thriving accommodation business located on southern side of Cairns.
With more than a decade of consistent growth and high occupancy rates, this property presents a great investment and lifestyle opportunity in one of Australia's premier tourist destinations.
TOTAL NUMBER OF UNITS: 28 (not including Manager's residence)
UNITS IN LETTING POOL : 20
NET PROFIT : $184,902.53
MANAGER'S RESIDENCE : 4 Bedrooms with Office on Title
REAL ESTATE PRICE : $590,000
BUSINESS PRICE : $500,000
TOTAL ASKING PRICE : $1,090,000
Business Summary
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Cairns & NorthKey Investment Insights
1. Located in a prime location in Tropical North Queensland, a popular tourist destination.
2. Consistent growth and high occupancy rates over the past decade.
3. 28 units in total, with 20 units in the letting pool.
4. Net profit of $184,902.53.
5. Manager's residence includes 4 bedrooms and an office on title.
6. Real estate price of $590,000 and business price of $500,000, with a total asking price of $1,090,000.
7. Additional features include management rights and a desirable location in Cairns & North Queensland.
