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: 2Three 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
