Cairns North, Queensland

Business For Sale - Solid Income in Tropical Paradise - ID 8318 BL

$905,000

Property Description

North Queensland Management Rights For Sale
Convenient Cairns Location

- Brand new 25 year agreement
- 24 units in the holiday letting pool
- Walking distance to Esplanade shopping and restaurants
- 10 minutes from International Airport
- Generous salary commensurate for the duties
- Manager's residence is a 3 bedroom, 2 bathroom apartment
- Low body corporate levies
- Excellent occupancy above 60% for last 5 years
- Large family, medical and student clientele

Suitable for working couple looking for a lifestyle change in Far North Queensland.

Net Profit: $140,500
Asking Price: $905,000
(inclusive of manager's residence)

For further information, or to arrange an inspection of this North Queensland management rights business for sale contact:

Management Rights Broker
Antonio Curulli

Property Summary

Business Snapshot

Price: $905,000 Net Profit: $140,500 Remuneration / Body Corp Salary: $44,085

Managers Unit

Value of Managers Apartment: $300,000Bedrooms: 3Bathrooms: 2
Three bedroom apartment with 2 bathrooms, The front of the residence opens out onto the garden / pool area

Complex Information

Complex Type: HolidayTotal Units in Complex: 26Total Units in Letting Pool: 24Holiday Units: 24Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesBBQ Area: YesWIFI: Yes
Marketing Agent
Antonio Curulli
Antonio Curulli

Listing location
Gallery

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