Cairns City, Queensland

Excellent Permanent Letting Close to the CBD

$750,000

Property Description

Excellent permanent letting complex in Cairns.

Close to Raintrees Shopping Centre and all general facilities.

Ten minutes drive to Cairns CBD. Two and three bedroom apartments set within a secure gated community.

Well presented two bedroom, two bathroom Managers Apartment.

Top Agreements with almost 20 years to run and excellent $66,000 excl. GST salary.

This high demand rental property enjoys a top occupancy which is assured to continue with Cairns vacancy rate currently in March 2021 at 1.1%.

The consistent trading figures show no downturn over the Covid period.

Manager enjoys a good relationship with the Body Corporate committee.

Pets okay with Body corporate approval.

Easily run one person property management.

Contact Calvin for further information.

Property Summary

Business Snapshot

Price: $750,000 Net Profit: $109,537 Remuneration / Body Corp Salary: $65,975Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $255,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 34Total Units in Letting Pool: 20Permanent Units: 20Owner Occupy Units: 7Outside Agent Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesBBQ Area: YesWIFI: Yes
Marketing Agent
Calvin Bailey
Calvin Bailey

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Listing location
Gallery

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