Cairns City, Queensland

PRICE REDUCED!! BEST STARTER OR ADD-ON MANAGEMENT RIGHTS

SOLD

Business Description

YOU'VE JUST CLICKED ON THE BEST STARTER OR ADD-ON MANAGEMENT RIGHTS IN AUSTRALIA!
Incredible multiplier and return on your business investment - and a neat as a pin 2 bedroom managers apartment.
So easy to manage with minimal duties, this is a great lifestyle choice.
17 apartments including the manager, with 7 in the letting pool
Short walk to The Esplanade and shores of the Great Barrier Reef.
Just a 2 minute drive to heart of all Cairns City has to offer.
Ideal business for first time operator or an add-on management rights business.
Long agreements and office on title.
This business has big potential to increase income both with tourism and Cairns Hospital.
Ideal for the manager seeking a sound business with good income.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $75,000 Remuneration / Body Corp Salary: $40,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $160,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Neat as a pin two bedroom manager's apartment.

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 17Total Units in Letting Pool: 7Outside Agent Units: 9Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Alex Barker-Ré

Calvin Bailey Management Rights

Key Investment Insights

1. Highly profitable business with a great return on investment.
2. Neat and well-maintained 2 bedroom manager's apartment included in the sale.
3. Minimal duties and easy to manage, making it an ideal lifestyle choice.
4. Short walk to the Great Barrier Reef and other popular tourist attractions.
5. Close proximity to the heart of Cairns City, offering a wide range of amenities and activities.
6. Suitable for first-time operators or as an add-on to an existing management rights business.
7. Long agreements and office on title provide stability and security for the manager.
8. Potential for increased income through tourism and the nearby Cairns Hospital.
9. Ideal for a manager looking for a reliable and profitable business opportunity.
10. Holiday complex with a high star rating, offering a range of amenities such as a pool, BBQ area, pay TV, and WIFI.

Management Rights Multiplier: 1.53
ROI Estimate: 65.22%