Holloways Beach, Queensland

An Unmatched Beachfront Business Opportunity

$1,435,000

Property Description

Modern and stylish property in a great location.
The Resort has essentially been changed from holiday rentals to longer term permanent letting due to the current Covid Pandemic.
This flexibility allows prospective buyers to significantly improve the net profit when the market is back to normal and hence achieve an excellent capital gain upon resale.
All spacious one bedroom apartments with balconies & king splits, plus double sofa bed. Ideally located on the corner across the road from the beach.
Apartments are designed to maximise natural light.
Best occupancy on the beaches and easily managed
Featured on Trip Advisor Excellence Awards.
Only 12 minutes from Cairns by car.
Property features large pool under sail, barbecue and pagoda area, tour desk,, undercover parking, security system, WiFi, luggage storage, vehicle wash-down area.

For further information on this property please contact Alex Barker-Re today.

Property Summary

Business Snapshot

Price: $1,435,000 Net Profit: $291,000 Remuneration / Body Corp Salary: $155,077Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $270,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: No
Well sized upper level, one bedroom apartment with balcony, 132m2. Managers office on title, plus back office and large open reception area..

Complex Information

Complex Type: MixedTotal Units in Complex: 74Total Units in Letting Pool: 56Holiday Units: 17Permanent Units: 39Owner Occupy Units: 11Outside Agent Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: YesWIFI: Yes
Marketing Agent
Alex Barker-Ré
Alex Barker-Ré

Calvin Bailey
Calvin Bailey

Calvin Bailey Management Rights

Calvin Bailey Management Rights

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