Cairns, Queensland

Business For Sale - Consistent Performer - Cairns - ID 8987 BL

$525,000

Property Description

- North Queensland Management Rights For Sale
- Consistent Performer during Covid
- Owners Retiring after 13 years of Solid Trading
- Only 17 out of 35 units in the holiday letting pool, great scope to improve
- Main focus on Hospital, medical and Government clientele
- Comfortable one bedroom manager's residence with great alfresco area
- Exclusive Use office, off the residence with no set office hours
- Supportive committee and owners
- 18 years remaining on agreements
- Resort style pool and BBQ area
- No set hours required, would suit an active couple
- Minutes from all shopping, medical services and International Airport
- Ideal for an active couple wishing to escape the southern, grow the letting pool and possibly take the property to it's next phase of development.

- The location is perfect, the residence comfortable, the complex is compact with no owner occupiers. You cannot go wrong with this Management Rights opportunity.

Net Profit: $152,912
Reduced Asking Price: $525,000
(Inclusive of manager's residence)

For further information or to arrange an inspection of this North Queensland management rights business for sale contact:

Management Rights Broker
Antonio Curulli

Property Summary

Business Snapshot

Price: $525,000 Net Profit: $152,912 Remuneration / Body Corp Salary: $69,342Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $160,000Bedrooms: 1Bathrooms: 1Car Spaces: 1
Nicely presented residence, 1 bedroom, 1 bathroom

Complex Information

Complex Type: HolidayTotal Units in Complex: 35Total Units in Letting Pool: 17Holiday Units: 17Outside Agent Units: 17Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Antonio Curulli
Antonio Curulli

Listing location
Gallery

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