Trinity Beach, Queensland
PERMANENT LETTING AT THE BEACH, NO REQUIREMENT FOR MANAGER TO RESIDE ON SITE...
SOLD
Business Description
Caretaking and letting opportunity.
Permanent complex situated in one of Cairns top beaches.
Comprising 48 x 2 and 3 bedroom townhouse style villas set within a delightful landscape and secluded free form pool.
Just a short walk to the beach. The ultimate lifestyle and business opportunity combined. No real estate component, so no live in requirement.
This is your opportunity to live the tropical dream with this easily managed property.
Call Alex today for more information.
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $92,000 Remuneration / Body Corp Salary: $87,500Body corp salary review: CPI Annually
Complex Information
Complex Type: PermanentTotal Units in Complex: 48Total Units in Letting Pool: 7Owner Occupy Units: 37Outside Agent Units: 4Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 7 yearsPool: YesBBQ Area: Yes
Key Investment Insights
1. Located in a highly desirable area, one of Cairns' top beaches.
2. Comprises of 48 townhouse style villas, providing a variety of accommodation options.
3. Secluded free-form pool adds to the appeal of the complex.
4. Short walk to the beach, making it an attractive location for guests.
5. No real estate component, so no live-in requirement for the manager.
6. Potential for both lifestyle and business opportunity.
7. Easy to manage property, suitable for those looking for a low-stress business.
8. Net profit of $92,000 and body corp salary of $87,500, providing a steady income.
9. Body corp salary is subject to CPI annually, providing potential for increased income.
10. Complex is permanent, providing a stable and consistent rental income.
11. 7 years remaining on the agreement term, providing security for the manager.
12. On-site amenities such as a pool and BBQ area add value to the complex.
13. Outside agent units provide potential for growth and increased income.
14. Agreement module is standard, providing a familiar and straightforward management structure.
15. Total of 7 units in the letting pool, providing a manageable workload for the manager.
