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

Profitable, very well priced at 2.5 multiplier and SIGNIFICANT room for growth! | Resort Brokers ID : MR007094
ResortBrokers
Profitable, very well priced at 2.5 mult...

CAIRNS NORTH

$550,000

Net Income: $127,741
Managers Estate: $260,000 2 Bed 1 Bath
Letting Pool: 23
Remuneration: $55,730

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 - UNDER CONTRACT - ID 8312 BL
MR Sales
Business For Sale - UNDER CONTRACT - ID...

CAIRNS CITY

$585,000

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

$625,000

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

1934ML - GREAT MOTEL LEASE WITH VENDOR FINANCE OPTION
LEASEHOLD SALE - Wattle Grove Motel, Maryborough VIC - 1P0128
Rare freehold opportunity in the Byron Hinterland with DA approvals in place! | Resort Brokers ID : FH007246
Beachfront business with growth galore, incredible residence and lifestyle  | Resort Brokers ID : MR007248
MOTEL WITH AWESOME VIEWS, TOWNSVILLE CITY
Melbourne Caretaking Only Opportunity at Two Modern Complexes | Resort Brokers ID : MRC007247
NEW FARM & KANGAROO POINT BUSINESS-ONLY MLR WITH $280K NET | Resort Brokers ID : MRB007240
Passive Investment opportunity with approved DA of 105 rooms, in prime location | Resort Brokers ID : INV007238
Ideal Add-On! Two Premium Caretaking Only Complexes in West Melbourne | Resort Brokers ID : MRC007245
Award winning Quest Franchise with long lease and solid performance | Resort Brokers ID : LH007181
consistent performing holiday business + lifestyle in prime coast location | Resort Brokers ID : MR007230
Business For Sale - Caretaking Only - Sunshine Coast - ID 9056 BL
Two Business Only Management Rights in the Inner Western Suburbs of Brisbane | Resort Brokers ID : MRB007237
THE BIGGEST AND BEST REGIONAL ACCOMMODATION PROPERTY AND CONVENTION CENTRE | Resort Brokers ID : FH007221
First time on the market, freehold caravan park | Resort Brokers ID : FH007201
Rare management rights opportunity-no office hours and minimal caretaking duties | Resort Brokers ID : MR007236
2047ML - A CRACKING MOTEL THAT CONTINUES TO GROW
1994MF - CONSISTENTLY PROFITABLE, EASY TO RUN FREEHOLD MOTEL