Cairns City, Queensland

High Earning MLR - Lifestyle Location and Profitablity Combined

$2,330,000

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: $2,330,000 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

1. Offered at $2,330,000 with a stated business value of $1,700,000, providing clear pricing context.
2. High net profit of $424,071, inclusive of a CPI-indexed body corporate salary of $77,941 ex GST.
3. Very reasonable 4 multiplier referenced, signalling strong earnings relative to asking price.
4. Long-term security with 22 years remaining on a 25-year accommodation agreement.
5. Turnkey management rights operation for a 29-apartment letting pool within a 34-unit holiday complex.
6. Manager’s apartment included, valued at $630,000, 2 bedrooms, separate office/reception, on-title, 87m2, plus one car space.
7. Prime lifestyle location two blocks from Cairns city centre and the Esplanade, close to shopping and CBD amenities.
8. Consistent year-round occupancy from domestic, international, government and corporate clientele, supporting reliable income.
9. Operational strengths include Resly MLR software, well-structured systems, supportive body corporate and no apartments with outside agents.
10. Award-winning, eco-certified “clean and green” complex in Cairns CBD, appealing to environmentally conscious guests.
11. Good onsite facilities and low-maintenance design, including pool, BBQ area, WiFi and undercover secure parking.
12. Vendors motivated after 10 years, indicating potential for negotiated terms and a smooth handover for new owners.

Management Rights Multiplier: 4.01
ROI Estimate: 18.20%