Cairns, Queensland
Profitable Cairns Holiday MR with Large Residence - ID 9152
All Offers Above $990,000
Business Description
Holiday Management Rights for Sale
Established Business in Prime Tourist Location - Offers Above $990K, Returning 27.1% Return on Capital Deployed
- Prime Location: Situated on the southern side of Cairns, one of Australia's top tourist destinations.
- Consistent Growth: Over a decade of steady performance and high occupancy rates.
- Total Units: 29 (excluding the Manager's residence).
- Letting Pool: 18 units available for letting.
- Rental Residence: Spacious 1-bedroom unit with office on title
- Rental Residence: Spacious Motel Suite with Ensuite and Walk in Robes
- Additional Residence: Totalling 2 bedrooms, 1 sitting room, 1 lounge, 3 bathrooms, and Kitchen
- High Occupancy Rates: Reflects the property's strong appeal and successful operation.
- Established Business: A well-established accommodation business with a proven track record.
This opportunity presents an attractive combination of a profitable business and a high-value real estate asset, ideal for investors or operators looking to capitalise on Cairns' tourism-driven market. With a traditional multiple of 2.6, this management rights business offers an excellent entry point into the MR industry.
Seize this prime investment opportunity and enjoy a profitable upside of the additional rental in this venture in a highly sought-after location!
Net Profit: $188,951 from Managers Renumeration and Letting Pool
+ $80,000*, from the additional rental space available.
*$268,951 PA, the property is designed to split the current 4 bedrooms into 3 living spaces of which 2 can be let out, lifting Net Profit to $264,000 with the inclusion of these rental spaces.
Asking Price: Offers above $990,000
(Inclusive of manager's real estate)
Returning 27.1% on Capital Deployed.
For further information or to arrange an inspection of this North Queensland management rights business for sale contact:
Management Rights Broker
Antonio Curulli
Property Code: 859
Business Summary
Business Snapshot
Price: All Offers Above $990,000
Net Profit: $196,187 Remuneration / Body Corp Salary: $68,804
Managers Unit
Bedrooms: 4Bathrooms: 3Car Spaces: 4Pets OK: YesThe manager's residence consists of two adjoining ground level units. The primary manager's unit features a receptiona area, waiting room, office, kitchen and bathroom. The adjoining unit includes 2 bedrooms, kitchen, lounge/dining area, bathroom, a former garage now converted to a lounge, a rear patio and a double garage. In tota; there are 4 bedrooms, 1 sitting room, 1 lounge, 3 bathrooms and 2 kitchens.
Complex Information
Complex Type: HolidayTotal Units in Complex: 29Total Units in Letting Pool: 18Owner Occupy Units: 10Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesTennis Court: YesBBQ Area: YesWIFI: Yes
