Cairns, Queensland

Iconic Tourist Destination!!

$990,000

Business Description

Iconic Tourist Destination!!

This complex/motel offers “home away from home” accommodation with easy access to the city centre, it is just 15 minutes' drive to Cairns Airport and 10 minutes' drive to the city centre. This complex/motel is a short drive from Cairns attractions, the Bayview Heights Golf Course and the Cannon Park Racecourse. There are bus stops within walking distance of the complex/motel and are proud to have been selected as one of the first on-site Beam E-Scooter stations in the Cairns area.

Some of the popular spots to visit within close proximity to this complex/motel are Bellocale, Balaclava Fish, and Kangaroo Leagues Club, which serve up some great dishes and the popular government building is Cairns District Court.

Guests enjoy an outdoor swimming pool area surrounded by lush tropical gardens. Each room and apartment offer a spacious layout with modern furnishings. Each apartment has a well-equipped kitchen and a large lounge area. Some units also overlook the pool BBQ facilities next to a gazebo, a tennis court, and offer free in-house movies, a book exchange service and free parking.

On offer is long term agreements, low multiplier and a lifestyle.

The managers unit consists of 4 bedrooms and 2 bathrooms and 4 car spaces with a private yard, and a separate office.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $990,000 Net Profit: $196,100 Remuneration / Body Corp Salary: $76,100

Managers Unit

Value of Managers Apartment: $500,000Bedrooms: 4Bathrooms: 2Car Spaces: 4Office: On Title

Complex Information

Complex Type: HolidayTotal Units in Complex: 30Total Units in Letting Pool: 18Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesTennis Court: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Prime location with easy access to the city center and popular tourist attractions.
2. Strong and consistent financial performance with a low multiplier.
3. Diverse range of amenities and facilities including an outdoor swimming pool, BBQ area, and tennis court.
4. Modern and spacious accommodation options with well-equipped kitchens and free in-house movies.
5. Long term agreements and a low body corporate salary.
6. Managers unit includes 4 bedrooms, 2 bathrooms, and a private yard.
7. Proximity to popular dining options and government buildings.
8. On-site Beam E-Scooter station, offering convenient transportation for guests.
9. Lush tropical gardens surrounding the property, providing a peaceful and relaxing atmosphere.
10. Potential for growth and further development in the booming tourism industry in Cairns.

Management Rights Multiplier: 2.50
ROI Estimate: 40.02%