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%