Cairns City, Queensland

Top Investment with Flexibility to Meet a Changing Market

$670,000

Property Description

Well located Cairns 4 Star Holiday Letting property on the CBD fringe. Walking distance to all Amenities. Comprising Studio’s, 1 and 2 Bedroom dual key apartments which provide for flexibility of room type. The two bedroom, 2 bathroom, manager’s apartment has a Courtyard Garden and the Reception and Office are on title. The Manager also has an Exclusive Use back office and 2 large Storage areas. Current Managers are motivated for a sale and the business is very well priced to meet the market. Excellent salary of $50,000 incl.GST and top Agreements with 22 years remaining. The property is suitable for both long and short term letting as required. There is also considerable further business growth possible with the retrieval of units from outside agencies.

Property Summary

Business Snapshot

Price: $670,000 Net Profit: $127,415 Remuneration / Body Corp Salary: $45,449Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $280,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Well sized 2 bedroom 2 bathroom manager's apartment with courtyard garden. Office and reception on title.

Complex Information

Complex Type: HolidayTotal Units in Complex: 23Total Units in Letting Pool: 12Holiday Units: 12Owner Occupy Units: 6Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesBBQ Area: Yes
Marketing Agent
Calvin Bailey
Calvin Bailey

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

Beachfront Beauty
Calvin Bailey Management Rights
Beachfront Beauty

YORKEYS KNOB

$649,000

Net Income: $80,718
Managers Estate: $399,000 3 Bed 2 Bath
Letting Pool: 18
Remuneration: $39,000

Business For Sale - Cairns Management Rights - ID 8312 BL
MR Sales
Business For Sale - Cairns Management...

CAIRNS CITY

$595,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: 1
Remuneration:

Business For Sale - Absolute Beachfront Yorkeys Knob - ID 8595 BL
MR Sales
Business For Sale - Absolute Beachfront...

YORKEYS KNOB

$649,000

Net Income: $80,719
Managers Estate: $399,000 3 Bed 2 Bath
Letting Pool: 18
Remuneration: $39,396

Yeppoon - Ocean View Management Rights - 1P5372MR
Edge of Town Beauty, Toowoomba Leasehold Motel | Resort Brokers ID : LH006963
Lake Wallace Hotel - 1P5370
Blue Whale Motor Inn & Apartments - 1P5368M
2677MF - A LIFESTYLE RESORT AND BUSH RETREAT ‘OFF THE GRID’
Business For Sale - Large Permanent Management Rights - ID 7992 BL
BIG 4 HERVEY BAY HOLIDAY PARK
Management/Letting Rights Complex in Park Ridge - close to Browns Plains Shopping and Commercial Hub - 1P5367MR
OUTSTANDING LARGE SCALE CARAVAN PARK IN CENTRAL QLD FOR SALE!
Blue Chip Permanent Management Rights in Australia's Beef Capital City Hot Spot - 1P4271MR
Rare DA approved site in thriving coastal regional town demands your attention! | Resort Brokers ID : FH006958
EXCELLENT OPPORTUNITY FOR A NEW LEASEHOLD MOTEL IN NSW SOUTH COAST
The best property in Port Macquarie - An outstanding investment opportunity | Resort Brokers ID : MR006942
Excellent location, well maintained, this business will impress  | Resort Brokers ID : MR006957
Caretaking Only! Off the Plan! No real estate to purchase! | Resort Brokers ID : OTP006943
The best property in Port Macquarie - An outstanding investment opportunity | Resort Brokers ID : FH006962
Permanent business only management rights brisbane northside | Resort Brokers ID : MRB006964
83HF - 100 YEAR ANNIVERSARY 2024, GET ON FOR A RIDE BACK IN HISTORY