Cairns North, Queensland
Meet Your Slice of Paradise With Top Salary and 23% ROI
$1,450,000
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 $145,358 ex GST)
80 Apartments in the complex
36 Units in the Letting Pool with potential for growth
23 Owner Occupiers creating a stable residential community
20 Years Remaining on Agreements excellent long-term security
No Fixed Office Hours flexible lifestyle operation
No Office to Purchase reduced entry cost
Managers Residence: 2 bed, 2 bath apartment well priced at $485,000
The business is offered at $965,000, representing an impressive 23% ROI with a multiplier of just 4.3x. Total investment including the managers residence is $1,450,000.
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: $1,450,000
Net Profit: $224,000 Remuneration / Body Corp Salary: $145,358Body corp salary review: CPI Annually
Managers Unit
Value of Managers Apartment: $485,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Two bedroom, two bathroom manager's apartment with private outdoor space.
Complex Information
Complex Type: PermanentTotal Units in Complex: 80Total Units in Letting Pool: 36Owner Occupy Units: 23Outside Agent Units: 21Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: Yes
Key Investment Insights
1. Net profit $224,000 per annum, including a body corporate salary of $145,358 ex GST, indicating strong cashflow potential.
2. Business asking price $965,000, advertised 23% ROI and a low multiplier of 4.3x, total suggested investment $1,450,000 including manager’s residence.
3. Manager’s residence is a 2 bed, 2 bath apartment valued at $485,000 with private outdoor space and one car space, enabling onsite living and operational oversight.
4. Long-term agreement security, original term 25 years with 20 years remaining, providing predictable income and tenure.
5. Established letting pool of 36 units within an 80-unit complex, offering immediate revenue with clear potential for growth.
6. Stable owner-occupier base of 23 units and 21 outside-agent units, supporting steady residential demand and reduced volatility.
7. No fixed office hours and no office to purchase, reducing operating costs and supporting a flexible lifestyle operation.
8. Inclusive resort-style amenities including a swimming pool, BBQ and entertaining areas, secure parking and well-maintained tropical gardens, enhancing resident appeal and lettability.
9. Supportive body corporate and straightforward operational requirements, making the role suitable for both experienced operators and newcomers.
10. Prime Whitfield/Manoora location minutes from Cairns CBD, Cairns Airport, Edge Hill cafe precinct, Mount Whitfield walking trails, schools, hospital and the Esplanade, strengthening long-term demand.
11. Manager’s unit configuration and positioning provide privacy while allowing convenient on-site management, suitable for a manager couple or individual.
12. Body corporate salary reviewed annually by CPI, supplying predictable remuneration escalation.
Management Rights Multiplier: 4.31
ROI Estimate: 15.45%
