Cairns, Queensland
Price Reduced - Impressive Cairns Management Rights - ID 9152
$1,050,000
Business Description
Holiday Management Rights for Sale
Large Residence for a Great Sea Change
- 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.
- Manager's Residence: Spacious 2-bedroom unit with office on title.
- Additional Residence: Totalling 4 bedrooms, 1 sitting room, 1 lounge, 3 bathrooms, and 2 kitchens.
- 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 multiple of 2.7, this management rights business offers an excellent entry point into the MR industry.
Seize this prime investment opportunity and enjoy a profitable venture in a highly sought-after location!
Net Profit: $196,187
Asking Price: $1,050,000
(Inclusive of manager's real estate)
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: $1,050,000
Net Profit: $196,187 Remuneration / Body Corp Salary: $59,602
Managers Unit
Value of Managers Apartment: $525,000Bedrooms: 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
Key Investment Insights
Management Rights Multiplier: 2.68
ROI Estimate: 37.37%
