Cairns North, Queensland
Meet Your Slice of Paradise with a Top Salary and Impressive 23% ROI
$1,480,000
Business Description
An outstanding lifestyle and business opportunity awaits with the management rights for a well-maintained and highly regarded residential complex located in the leafy suburb of Whitfield / Manoora, one of Cairns most sought-after residential areas.
This property offers a rare chance to secure a stable, easy-to-manage management rights business combined with an enviable tropical lifestyle in Far North Queensland. Positioned just minutes from the Cairns CBD, Cairns Airport, and the popular Edge Hill cafe and restaurant precinct, the complex is perfectly situated for both residents and managers seeking convenience and lifestyle.
The complex comprises a mix of spacious, modern apartments surrounded by lush tropical gardens and resort-style amenities that residents love. Features include a sparkling swimming pool, BBQ and entertaining areas, secure parking, and beautifully maintained common grounds that create a peaceful and welcoming environment.
The management rights present a solid business with consistent income and straightforward operational requirements. With a well-established letting pool and supportive body corporate, the role offers manageable duties suited to either experienced operators or those new to the industry seeking a rewarding lifestyle business.
The manager's residence is comfortable and well positioned within the complex, providing privacy while allowing convenient oversight of daily operations. The residence offers good living spaces, a private outside space, and is ideal for an onsite manager couple or individual.
This area itself is widely regarded as one of Cairns premier residential suburbs, known for its tree-lined streets, proximity to walking trails on Mount Whitfield, and close access to quality schools, shopping, and dining. Residents enjoy the relaxed atmosphere while still being only a short drive from the Cairns Esplanade, hospital, and major transport links.
This is an excellent opportunity to acquire a secure management rights business in a tightly held location with strong long-term appeal. Whether you are looking to step into the management rights industry or expand an existing portfolio, this property offers an attractive combination of income, lifestyle, and location.
Opportunities like this, in this area, are rarely available. Here are your reasons to buy:
Net Profit: $224,000 (including Body Corporate salary of $151,000 ex GST)
80 Apartments in the complex
34 Units in the Letting Pool with potential for growth
24 Owner Occupiers creating a stable residential community
25 Years Remaining on Agreements, excellent long-term security
No Fixed Office Hours, flexible lifestyle operation
No Office to Purchase, reduced entry cost
Manager's Residence: 2 bed, 2 bath apartment well priced at $490,000
The business is offered at $990,000, representing an impressive 23% ROI with a multiplier of just 4.4x. Total investment including the managers residence is $1,480,000.
This property presents an outstanding opportunity to secure a high-return management rights business with long agreements, manageable duties, and excellent lifestyle flexibility in the popular Cairns market.
Enquire today to learn more about this exceptional management rights business and begin your next chapter in beautiful tropical Cairns.
Call Calvin today to arrange an inspection.
Business Summary
Business Snapshot
Price: $1,480,000
Net Profit: $224,000 Remuneration / Body Corp Salary: $151,000Business Value: $990,000Body corp salary review: CPI Annually
Managers Unit
Value of Managers Apartment: $490,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets OK: YesTwo bedroom, two bathroom manager's apartment with private outdoor space.
Complex Information
Complex Type: PermanentTotal Units in Complex: 80Total Units in Letting Pool: 34Owner Occupy Units: 24Outside Agent Units: 21Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesBBQ Area: Yes
Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit of $224,000 includes a $151,000 body corporate salary excluding GST, reviewed annually against CPI.
2. Business priced at $990,000, with an advertised 23% ROI and 4.4 times multiplier.
3. Management agreements have 25 years remaining, providing long term contractual security.
4. Established letting pool of 34 apartments within an 80 apartment complex offers potential for growth.
5. No fixed office hours and straightforward operational duties support a flexible lifestyle.
6. No office purchase required, reducing entry costs.
7. Supportive body corporate and manageable duties suit experienced operators or newcomers to management rights.
8. Located in leafy Whitfield / Manoora, minutes from Cairns CBD, airport and Edge Hill cafes and restaurants.
9. Complex amenities include a swimming pool, BBQ areas, secure parking and maintained tropical gardens.
10. Manager’s apartment offers two bedrooms, two bathrooms, one car space and private outdoor space, valued at $490,000.
11. Total investment of $1,480,000 includes the management rights business and manager’s residence.
12. Permanent residential complex includes 24 owner occupied apartments, supporting a stable residential community.
Management Rights Multiplier: 4.42
ROI Estimate: 15.14%
