Cairns North, Queensland
Business For Sale - Lucrative Investment Opportunity - ID 8748
$515,000
Business Description
North Queensland Management Rights For Sale
Consistent Performer - Cairns North
- 16 apartments with 9 in the holiday letting pool
- Well maintained gardens, resort style pool and BBQ
- Short stroll to Cairns Esplanade
- 3km from Cairns International Airport
- Happy and supportive owners and committee
- Expansive 2 bedroom manager's residence
- Office on title, no set office hours
- 17 years remaining on Accommodation Module agreement with scope to top up
- Exterior of the complex has been fully re-painted
- Large sinking fund to undertake further improvements
- Plenty of opportunity to increase income
The opportunity to secure this relaxed and comfortable lifestyle won't last long. Make your escape to the North a reality!
Net Profit: $113,660
Asking Price: $515,000
(Inclusive manager's real estate)
For further information or to arrange an inspection contact:
Management Rights Broker
Antonio Curulli
Property Code: 459
Business Summary
Managers Unit
Complex Information
Key Investment Insights
- 16 apartments in total, with 9 in the holiday letting pool, providing a steady source of income
- Well-maintained gardens, resort-style pool, and BBQ area, adding value to the complex and attracting guests
- Convenient location, just a short stroll to the Cairns Esplanade and 3km from the Cairns International Airport
- Supportive owners and committee, creating a positive and harmonious working environment
- Spacious 2 bedroom manager's residence, providing comfortable living quarters for the managers
- Office on title with no set office hours, allowing for flexibility in managing the complex
- Long Accommodation Module agreement with 17 years remaining, providing stability and potential for growth
- Recent exterior re-painting and large sinking fund for further improvements, ensuring the complex remains well-maintained
- Plenty of opportunity to increase income, providing potential for a lucrative investment
- Manager's real estate included in the asking price, making it a comprehensive and attractive investment opportunity.
