Cairns City, Queensland

Reduced Price - Vendor Says Sell

$899,000

Property Description

This popular 3.5 star accommodation complex of 2 bedroom apartments is well located within the city fringe.

The property is suitable for both long and short term letting - which the astute operator will take advantage of, during these turbulent times.

The property presents well with an excellent barbecue and pool area.

The three bedroom, 2 bathroom, managers apartment has an attached reception and office on title.

The gardens and grounds are easily maintained with bore water irrigation.

Current managers are motivated for a sale and the business is very well priced. Excellent salary of over $100,000 and top agreements with 23 years remaining.

There is also considerable further business growth possible with the retrieval of units from outside agencies.

Call Calvin for further details.

Property Summary

Business Snapshot

Price: $899,000 Net Profit: $180,000 Remuneration / Body Corp Salary: $101,502Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $330,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Very nice 3 bedroom 2 bathroom apartment (140m2) with Courtyard. Office/reception on title.

Complex Information

Complex Type: HolidayTotal Units in Complex: 41Total Units in Letting Pool: 12Holiday Units: 7Permanent Units: 5Owner Occupy Units: 6Outside Agent Units: 23Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesBBQ Area: YesWIFI: Yes
Marketing Agent
Calvin Bailey
Calvin Bailey

Calvin Bailey
Calvin Bailey

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Listing location
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