Trinity Beach, Queensland

PERMANENT LETTING AT THE BEACH, NO REQUIREMENT FOR MANAGER TO RESIDE ON SITE...

$710,000

Business Description

Situated perfectly in one of Cairns top beaches this property is set within a delightful landscape masterpiece. A short walk to the golden shores of Trinity Beach.
Consisting of 48 X 2 and 3 bedroom townhouse style villas.
The managers residence is huge and one of the best offered. Delightful does not begin to describe this lovely residence.
The ultimate in lifestyle and business opportunity combined.
Here is your opportunity to live the tropical dream.
There is no requirement for the Manager to reside on site.
Call Alex today for more information on this great business opportunity.

Business Summary

Business Snapshot

Price: $710,000 Net Profit: $100,826 Remuneration / Body Corp Salary: $84,450Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $395,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Pets OK: Yes

Expansive 3 bedroom/2 bathroom townhouse surrounded by exquisite gardens features.. Beautiful courtyard area.

Complex Information

Complex Type: PermanentTotal Units in Complex: 48Total Units in Letting Pool: 12Permanent Units: 12Owner Occupy Units: 32Outside Agent Units: 4Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesBBQ Area: Yes

Marketing Agent

Alex Barker-Ré

Calvin Bailey Management Rights

Key Investment Insights

1. Prime location in one of Cairns' top beaches, with easy access to the golden shores of Trinity Beach.
2. Consists of 48 townhouse-style villas, providing a variety of accommodation options for guests.
3. Manager's residence is spacious and luxurious, providing the ultimate in lifestyle and business opportunity.
4. No requirement for the manager to reside on site, offering flexibility and convenience.
5. Business has a strong net profit of $100,826, with a remuneration/body corp salary of $84,450.
6. Manager's apartment is valued at $395,000 and features 3 bedrooms, 2 bathrooms, and a beautiful courtyard area.
7. Complex is a permanent letting business, with 12 units in the letting pool and 12 permanent units.
8. Complex also has 32 owner-occupied units and 4 outside agent units.
9. Agreement module is standard with a 10-year term remaining.
10. On-site amenities include a pool and BBQ area, providing additional value for guests.

Management Rights Multiplier: 3.12
ROI Estimate: 32.01%