Cairns City, Queensland

Fantastic New Opportunity

SOLD

Business Description

This stunning city centre complex offers a caretaking role and massive contemporary manager's residence.
The 3 bedroom, 2 bathroom apartment plus separate office on title would rival any apartment in Cairns. The balcony alone is bigger than most apartments!
There is a total of 356m2 on title.
Within a minutes walk to Cairns best shopping, restaurants and lifestyle, this opportunity will not last long.
A dream lifestyle opportunity not to be missed with a profitable business begging to be reinstated and then to be easily expanded should you so wish.
Seeing is believing, so book an inspection and I will guarantee first to view this stunning apartment and caretaking role will buy it.

Contact Alex today for further information

Business Summary

Business Snapshot

Price: SOLD Net Profit: $58,000 Remuneration / Body Corp Salary: $58,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $729,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

3 bedroom, 2 bathroom stunning contemporary masterpiece with huge balcony plus separate office and 2 carparks on title,

Complex Information

Complex Type: PermanentTotal Units in Complex: 35Pool: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Alex Barker-Ré

Calvin Bailey Management Rights

Key Investment Insights

1. The business for sale is a stunning city centre complex with a caretaking role and a massive contemporary manager's residence.
2. The residence includes a 3 bedroom, 2 bathroom apartment and a separate office, with a total of 356m2 on title.
3. The location is within a minutes walk to Cairns' best shopping, restaurants, and lifestyle options.
4. The opportunity includes a profitable business that can easily be expanded.
5. The manager's apartment is valued at $729,000.
6. The apartment has a large balcony and 2 car parks on title.
7. The complex is permanent and includes 35 units, a pool, BBQ area, pay TV, and WIFI.
8. The business has a net profit of $58,000 and a remuneration/Body Corp salary of $58,000.
9. The Body Corp salary is reviewed annually.
10. The apartment and caretaking role must be seen to be believed.
11. The business is a dream lifestyle opportunity not to be missed.
12. The current owner is selling due to personal reasons.
13. The business is begging to be reinstated and has potential for further expansion.
14. Interested buyers can contact Alex for further information.

Management Rights Multiplier: 3.62
ROI Estimate: 27.62%