Manoora, Queensland
Great permanent close to Cairns CBD
SOLD
Business Description
Excellent permanent Letting complex in Cairns. Close to Raintrees Shopping Centre and all facilities.
Ten minutes drive to Cairns CBD.
Two and three bedroom apartments set within a secure gated community.
Well presented two bedroom two bathroom -ensuite -Managers Apartment.
Top Agreements with 17 years to run and excellent $85,135 incl. GST salary.
This high demand rental property enjoys a top occupancy which is assured to continue with Cairns vacancy rate currently less than 1%.
Manager enjoys a good relationship with Body corporate committee.
Pets okay with Body corporate approval.
Easy one person property management.
Contact Calvin for further information.
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $101,647 Remuneration / Body Corp Salary: $85,135Business Value: $340,000Body corp salary review: CPI Annually
Complex Information
Complex Type: PermanentTotal Units in Complex: 34Total Units in Letting Pool: 12Owner Occupy Units: 13Outside Agent Units: 9Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesBBQ Area: Yes
Key Investment Insights
1. Excellent location close to Cairns CBD and all facilities.
2. Secure gated community with two and three bedroom apartments.
3. Well-presented two bedroom, two bathroom Manager's Apartment.
4. Top agreements with 17 years remaining and a high remuneration of $85,135 incl. GST.
5. High demand rental property with top occupancy and low vacancy rate.
6. Good relationship with Body Corporate committee.
7. Pets allowed with Body Corporate approval.
8. Easy one-person property management.
9. Net profit of $101,647.
10. Manager's unit included in sale.
11. Permanent complex with 34 total units and 12 in the letting pool.
12. Owner-occupied units and outside agent units provide potential for growth.
13. Agreement module is Accommodation with 25 years term and 17 years remaining.
14. On-site amenities include a pool and BBQ area.
