Smithfield, Queensland

Simply the Perfect Permanent

$2,200,000

Property Description

Luxury style permanent letting in prime position.
Exciting & contemporary Cairns gated community in Smithfield. Permanent let property with a total of 111 apts & villas, The property was completed and opened in 2006. A high percentage of rental units are furnished. Units are top quality with extensive facilities and on a large well positioned site in the sought after Northern Beaches of Cairns. Only 15 minutes to the Cairns CBD. Great manager’s three bedroom/two bathroom Villa with quality fittings, plus large office and double lock up garage. No set office hours. Good $163k incl. salary with CPI increases. Excellent opportunity to get into the industry in a top building with a well-established business. Mix of 6 month and 12 month leases. Cairns currently has one of the lowest vacancy rates in the country at less than 1% and rental rates are on the rise. Little impact by Covid has been noticeable with this property.

Call Alex today for more information on this great business opportunity.

Property Summary

Business Snapshot

Price: $2,200,000 Net Profit: $358,000 Remuneration / Body Corp Salary: $148,688Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $495,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title
Large 203m2 contemporary three bedroom two bathroom villa and attached office. Double lock up garage.

Complex Information

Complex Type: PermanentTotal Units in Complex: 111Total Units in Letting Pool: 95Permanent Units: 95Owner Occupy Units: 11Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 years yearsPool: YesGym: YesTennis Court: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Alex Barker-Ré
Alex Barker-Ré

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

27 High Quality Rooms with Huge 3 Bedroom/2 Bathroom Residence Overlooking the Golf Club Fairways - 1P5440M
Brand new 30 yr lease - 41 room fully refurbished regional motel and restaurant | Resort Brokers ID : LH007078
New Lease on Large Tourist and Cabin Park in a popular tourist destination | Resort Brokers ID : LH007083
Fully refurbished, 41 Room Freehold Motel located in major regional centre in SA | Resort Brokers ID : FH007077
Business For Sale - The Perfect Beachside Location - ID 9042 BL
Business For Sale - Rare Opportunity in Prime Location - ID 9043 BL
UNIQUE MANAGEMENT RIGHTS IN HERVEY BAY WITH SOLID ROI | Resort Brokers ID : MR007060
2482MF - OUTSTANDING FREEHOLD CENTRALLY LOCATED WITHIN POPULAR COASTAL DESTINATION
Exceptional 19 room 4 Star leasehold motel on NSW Sapphire Coast | Resort Brokers ID : LH007040
483ML - HUGE PROFITS, EXCELLENT PRESENTATION, DON'T HESITATE
Caretaking Business right in the heart of Palm Beach | Resort Brokers ID : MRC007080
Perfectly Positioned Motel in Strong Regional Town - 1P5431M
Quality well positioned property with consistent annual trade | Resort Brokers ID : LH007075
The Best Priced Motel on the Market - 1P5434M
2688MF - BEACHFRONT FREEHOLD MOTEL, WITH STRONG INCOME AND LIFESTYLE
Opportunity knocks! Outstanding leasehold motel in a desirable seaside location | Resort Brokers ID : LH007071
Luxury 19 room regional hotel, showing 36.2% return. | Resort Brokers ID : LH007069
High net, low maintenance only 5kms from Brisbane CBD, perfect for a team of 2!  | Resort Brokers ID : MR007072