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