Manoora, Queensland
Great permanent close to Cairns CBD
Under Contract / Offer
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: Under Contract / Offer
Net Profit: $101,647 Remuneration / Body Corp Salary: $85,135Body corp salary review: CPI Annually
Managers Unit
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 salary of $85,135 incl. GST.
5. High demand rental property with top occupancy, with Cairns vacancy rate currently less than 1%.
6. Good relationship with Body Corporate committee.
7. Pet-friendly 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 units, 12 in the letting pool.
12. Owner-occupied units and outside agent units provide potential for growth.
13. Accommodation agreement module with 25 years term and 17 years remaining.
14. On-site amenities including a pool and BBQ area.
