Key Investment Insights
AI generated. Confirm details with the seller.
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.
