Cairns City, Queensland

Iconic Cairns Property with Great Location

$905,000

Property Description

On main thoroughfare into City, adjacent to parkland.
Good 3.5 star holiday accommodation offering wide choice of accommodation.
Sits well in the high demand budget marketplace.
The building presents well and the property is located in a highly visible main road position.
Ongoing refurbishment- all rooms were repainted in 2021.
Attractive pool/BBQ area. Guest laundry.
Large 3 bedroom managers apartment with quality living areas. Reception and back office on title.
The property is designed for easy maintenance.
New 25 year Management Agreements and good salary.
Great property for those entering the industry with the added bonus of strong tour sales.
Zoned so no owner occupiers or permanent tenants can reside onsite.
Small pets are welcome. Owners retiring.

Call Alex today, for further information

Property Summary

Business Snapshot

Price: $905,000 Net Profit: $140,500 Remuneration / Body Corp Salary: $44,085Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $300,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Large poolside 3 bedroom 2 bathroom apartment - 140m2. The third bedroom studio unit can be rented out separately if desired.

Complex Information

Complex Type: HolidayStar Rating: 3Total Units in Complex: 27Total Units in Letting Pool: 25Holiday Units: 25Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Calvin Bailey
Calvin Bailey

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Listing location
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