Cairns North, Queensland
SOLID MR BUSINESS AT A MULTIPLIER OF 2.3x NET PROFIT IN EXCESS OF $200K | Resort Brokers ID : MR008032
$772,500
Business Description
Oasis Inn Holiday Apartments are the perfect asset for new comers into the management rights industry, or for the seasoned operator looking to expand their portfolio.
Current owner has been in place since 2014 and has built a consistently profitable business with continued high occupancy.
Centrally located between the Cairns CBD and airport, this business caters to tourism and also has a steady flow of corporate and governmental contract stays. An outstanding value on offer here!
- 23.5 years remaining on agreements
- 2.3x multiplier on net profit of $205k
- Return on total investment of 27%
- No set office hours in agreements
- Schedule of charges in Form 6's subject to annual inflation increase
- Ongoing refurbishment - all units were painted in 2020/21
- Council zoning prohibiting permanent occupancy
- Solid repeat holiday/corporate clientele
- Inspection by appointment only
Date updated: 15 Sep 2024 23:00:06
Business Summary
Business Snapshot
Price: $772,500
Net Profit: $205,448 Remuneration / Body Corp Salary: $41,852
Managers Unit
Value of Managers Apartment: $300,000Bedrooms: 3Bathrooms: 2Office: On TitleComplex Information
Complex Type: Resort / HolidayTotal Units in Complex: 27Total Units in Letting Pool: 25Lockup Units: 1Agreement Term Remaining: 23 years
