Key Investment Insights
AI generated. Confirm details with the seller.
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: 6.18%
