Cairns, Queensland

Large Contemporary Permanent Cairns

$2,310,000

Business Description

This permanent Management Rights ticks every box. 25m Lap pool, plus Lagoon pool & children's Pool, BBQ areas, Two gazebos, Gym, Tennis
court, Large Managers Storeroom, Close to JCU University, Schools, Shops and Beaches.

Superb location in Cairns Northern Beaches area.
Huge three bed manager's separate villa residence and fantastic office/reception all on title.
No set office hours, long agreements. Fantastic body corporate salary.
Here is your opportunity to really live the tropical dream.
Exciting & contemporary Cairns gated community in Smithfield. Permanent let property with a total of 111 apartments & villas. A high percentage of rental units are furnished. Units are top quality with extensive facilities and on a large well positioned site in the sought after Northern Beaches of Cairns. Only 15 minutes to the Cairns CBD. Great manager’s three bedroom/two bathroom Villa with quality fittings, plus large office. No set office hours. Good $179,500 exclusive GST salary with CPI increases. Excellent opportunity to get into the industry in a top building with a well-established business. Mix of 6 month and 12 month leases.
Cairns currently has one of the lowest vacancy rates in the country at less than 1% and rental rates are on the rise. No requirement for Manager to reside onsite.
First to inspect will purchase as this is one of Queensland’s best.
Call Alex today for more information on this great business opportunity.
This will not last long. Call us today.

Business Summary

Business Snapshot

Price: $2,310,000 Net Profit: $390,000 Remuneration / Body Corp Salary: $179,500Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Large 203m2 contemporary three bedroom two bathroom villa and attached office. Double lock up garage.

Complex Information

Complex Type: PermanentTotal Units in Complex: 111Total Units in Letting Pool: 92Owner Occupy Units: 14Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesGym: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Alex Barker-Ré

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

Key Insights:
- Highly desirable location in the Northern Beaches area of Cairns
- Large and modern gated community with 111 apartments and villas
- High percentage of furnished rental units
- Extensive facilities including lap pool, lagoon pool, gym, and tennis court
- Manager's villa and office on title
- No set office hours and long agreements
- Good body corporate salary with CPI increases
- Low vacancy rates and rising rental rates in Cairns
- Manager does not need to reside on site
- Large and contemporary three bedroom villa with attached office
- Complex is under the Accommodation agreement module with 21 years remaining
- Facilities include pool, spa, gym, tennis court, and BBQ area

Management Rights Multiplier: 4.26
ROI Estimate: 23.49%