Key Investment Insights
AI generated. Confirm details with the seller.
1. Permanent 84-villa gated complex in City Views, only 4 km from Cairns CBD.
2. Established net profit $315,000, with manager remuneration/body corp salary $220,000, salary indexed to CPI annually.
3. Manager’s three-bedroom, two-bathroom apartment valued at $650,000, 148 m2, includes office on title and one car space.
4. Manager’s unit currently generates separate Airbnb gross income of $90,000 pa, not included in reported figures.
5. Strong tenancy fundamentals, Cairns vacancy below 1% and rising rental rates.
6. High-quality amenities including a large lagoon-style beach pool with water features, separate smaller pool, three pergolas and barbecue areas, tennis court and WiFi.
7. Complex composition: 41 units in the letting pool, 40 owner-occupied units, one outside agent unit, one manager unit.
8. Long-term agreement structure, 25-year agreement with 22 years remaining, providing contract stability.
9. Manager not required to reside onsite, offering operational flexibility.
10. Large, well positioned site marketed as a top contemporary gated community, implying strong curb appeal and demand.
11. Good on-site management infrastructure, including a large office incorporated with the manager’s villa.
12. Pet-friendly manager apartment approved by body corporate, enhancing recruitment and retention flexibility.
Management Rights Multiplier: 4.44
ROI Estimate: 15.37%
