Key Investment Insights
- Consistent performer with a net profit of $113,660
- 16 apartments with 9 in the holiday letting pool, providing a steady income stream
- Well-maintained gardens, resort-style pool, and BBQ area, creating a desirable living environment for guests
- Convenient location just a short stroll from the Cairns Esplanade and 3km from the Cairns International Airport
- Happy and supportive owners and committee, making for a harmonious working relationship
- Expansive 2 bedroom manager's residence with quality finishes and air conditioning
- Office on title with no set office hours, providing flexibility for the manager
- 17 years remaining on Accommodation Module agreement with scope to top up, providing long-term security
- Exterior of the complex has been fully re-painted, creating a fresh and modern appearance
- Large sinking fund to undertake further improvements, ensuring the ongoing maintenance and improvement of the complex
- Plenty of opportunity to increase income, with potential to increase the holiday letting pool and implement additional revenue streams
- Manager's real estate included in the asking price, providing additional value and potential for capital growth
- Ideal opportunity for a motivated individual or couple to secure a relaxed and comfortable lifestyle in a popular tourist destination
- Don't miss out on this lucrative investment opportunity in North Queensland!
Management Rights Multiplier: 3.50
ROI Estimate: 28.57%
