Cairns City, Queensland

High Earning MLR - Lifestyle Location and Profitablity Combined

SOLD

Business Description

Offered for sale at $2,330,000, this exceptional management rights business presents an enviable blend of lifestyle and strong commercial returns in the thriving holiday hotspot of Cairns, Queensland.

This offering is a well-established holiday complex of 29 apartments with an impressive Net Profit of $424,071 inclusive of a CPI salary of $77,941 ex GST.

With 22 years remaining on agreements, this business offers long-term security and the perfect balance between income, freedom, and lifestyle.

The package includes a beautifully maintained manager's apartment valued at $630,000, positioned close to Cairns city centre and the Esplanade.

The business enjoys consistent occupancy from both domestic and international travellers drawn to Far North Queensland's natural wonders from the Great Barrier Reef to the Daintree Rainforest.

This is a turnkey opportunity with excellent repeat clientele, a supportive body corporate, and well-structured systems already in place including the latest Resly MLR Software. Perfect for a couple seeking a rewarding coastal lifestyle business or an investor wanting strong returns in a growth tourism market.

Simply put, this is an award-winning, clean and green, eco-certified complex in Cairns CBD with a very reasonable 4 multiplier.
The property rates highly with holiday guests and has consistent government and corporate clientele, providing reliable income all year round and contented owner-investors. It is a well-presented property two blocks from the Cairns city centre and Central Shopping complex, and is in a quiet location.
Excellent facilities including undercover secure parking. Immaculate 2 bedroom manager's apartment with separate office/foyer.

The property is of Queensland colonial style design in a modern, compact building designed for easy maintenance & administration. There are no apartments with outside agents. The vendors are motivated and after 10 years, ready to move on. Pets allowed with body corporate approval.

Inspection is highly recommended: contact Calvin today for further information.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $424,071 Remuneration / Body Corp Salary: $77,941Business Value: $1,700,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $630,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Beautifully maintained 87m2, two bedroom, one bathroom apartment with separate WC, apartment with balcony, plus a separate office and reception, car park, linen cupboards and storage, all on title.

Complex Information

Complex Type: HolidayTotal Units in Complex: 34Total Units in Letting Pool: 29Owner Occupy Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Reported net profit of $424,071 includes body corporate remuneration of $77,941, reviewed annually against CPI.
2. Management agreements have 22 years remaining, supporting long term operational security.
3. The letting pool comprises 29 apartments, with no apartments managed by outside agents.
4. Consistent domestic, international, government and corporate clientele, alongside repeat guests, support income throughout the year.
5. Quiet location two blocks from Cairns city centre and Central Shopping complex, close to the Esplanade.
6. Included manager’s apartment is valued at $630,000, with two bedrooms, balcony, separate office and reception, parking and storage on title.
7. Established systems, Resly MLR software and a supportive body corporate underpin a turnkey operation.
8. Modern, compact Queensland colonial style building is designed for easy maintenance and administration.
9. Award winning, eco certified complex receives high ratings from holiday guests.
10. Guest facilities include a pool, BBQ area, WiFi and secure undercover parking.

Management Rights Multiplier: 4.01
ROI Estimate: 18.20%