Cairns North, Queensland

Profitable, very well priced at 2.5 multiplier and SIGNIFICANT room for growth! | Resort Brokers ID : MR007094

$550,000

Property Description

This easy to run Management Rights business close to the CBD in Cairns if the perfect first time opportunity for newcomers to the industry or to the astute buyer wishing to add to their portfolio.


Currently netting $127k and with 17 of a possible 24 units sitting outside of the letting pool, there is a HUGE amount of growth available for the person who wishes to actively grow the business and, in turn, the net profit and value of the business. Located on the fringe of the Cairns CBD next to the major hospital and health precincts, this business typifies the one that you should be seeking....one that you can grow exponentially! Phone Shane Croghan on ---------- for a very special opportunity.



  • Great fringe CBD location

  • Prime position to the Cairns Hospitals and health precinct

  • Long agreements with office/reception on title

  • Significant opportunity for growth of letting pool and net profit

  • Dual street secure access

  • Motivated Vendor priced to sell at 2.5x multiplier with a net profit of $127k

Date updated: 14 Aug 2022 23:00:09

Property Summary

Business Snapshot

Price: $550,000 Net Profit: $127,741 Remuneration / Body Corp Salary: $55,730

Managers Unit

Value of Managers Apartment: $260,000Bedrooms: 2Bathrooms: 1Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 24Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 4Outside Agent Units: 9Agreement Term Remaining: 20 years
Marketing Agent
Shane Croghan
Shane Croghan

Listing location
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