Cairns City, Queensland

Business For Sale - Cairns Management Rights - ID 8312 BL

$620,000

Property Description

- Consistent Performer During Covid
- Servicing Cairns Beaches & Esplanade
- Get Ready for the Kick Start to Tourism
- No Requirement to Live Onsite
- Guaranteed BC Salary of $49,806 plus GST, annual net profit of $130,000
- Short stroll from the Cairns Esplanade, restaurant and bars
- Only 8 out of 24 Units in the letting pool, great scope to improve by offering refurbishment upgrades to owners not in letting pool
- Main Focus on tourism, visitors from the Tablelands and Government clientele
- Comfortable 2 bedroom managers residence, currently leased, providing a further return
- Large 40m² office on title, off the residence with no set office hours, opportunity to co-tenant similar service style tenant
- Supportive committee and owners
- 17 years remaining on agreements
- Resort style pool and BBQ area
- Would suit an active couple
- Minutes from all shopping, medical services and Cairns International Airport
- Close to the Cairns University Hospital and mental health re-development project with the QLD Government committing 67.9 million dollars to the project
- High potential for full growth of the complex
- The location is perfect, the residence comfortable, the complex is compact, with only 4 owner occupiers

Make your escape to the north a reality - call today.

Net Profit: $130,000
Asking Price: $620,000 (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 Summary

Business Snapshot

Price: $620,000 Net Profit: $130,000 Remuneration / Body Corp Salary: $49,806Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $235,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On Title
The manager's residence is a large 84m², 2 bedroom, 1 bath, with office access, 1 unallocated car space, with several air cons and fans, quality finishes and modern kitchen appliances. There is a large 40m² office on title, to use to service guests, and possibly sub lease to another service provider.

Complex Information

Complex Type: HolidayTotal Units in Complex: 27Total Units in Letting Pool: 7Holiday Units: 7Owner Occupy Units: 4Outside Agent Units: 12Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes
Marketing Agent
Antonio Curulli
Antonio Curulli

Listing location
Gallery

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