Cairns City, Queensland

Illness Forces the Reluctant Sale of this Prime Waterfront Business | Resort Brokers ID : MR006831

$1,595,000

Property Description

On offer is this premium Management Rights business with a very healthy net profit and return on investment. Such is its location and desirability that it was hardly affected during the Covid interruptions of 2020. Indeed, quite the opposite given its strong attraction to the corporate market. With all units offering Esplanade views and a short commute to the CBD, this is a business that will continue to flourish. A terrific buying opportunity awaits!



  • Consistent year on year growth

  • Spacious living accommodation

  • Long agreements

  • Esplanade location

  • Optimal location and close to hospital

  • Opportunity for further growth

  • Property inspections are by appointment only

Date updated: 16 Jan 2022 22:00:09

Property Summary

Business Snapshot

Price: $1,595,000 Net Profit: $320,000 Remuneration / Body Corp Salary: $75,276

Managers Unit

Value of Managers Apartment: $350,000Bedrooms: 2Bathrooms: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 22Total Units in Letting Pool: 20Holiday Units: 20Owner Occupy Units: 2Outside Agent Units: 1Agreement Term Remaining: 20 years
Marketing Agent
Shane Croghan
Shane Croghan

Listing location
Gallery

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