Trinity Beach, Queensland

Beachfront Position A

$1,300,000

Business Description

Belle Vue is in position A. Spectacular beachfront resort on the northern beaches of Cairns. 26 apartments in total including the managers. Beautifully appointed apartments with the beachfront building having breath-taking & commanding ocean views and the rear with garden & mountain views like no other.
Superb 2 bed 2 bath manager’s residence with adjoining office on title
Easily run business and low maintenance, first to inspect will buy.
Office on title and long agreements. Good body corporate salary
This is a secure gated complex and the apartments cater for the more discerning guests. Excellent business and great lifestyle for those managers looking for the property with that Wow Factor.

Business Summary

Business Snapshot

Price: $1,300,000 Net Profit: $218,220 Remuneration / Body Corp Salary: $68,172Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $440,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title
Superb 2 bed 2 bath manager’s residence with adjoining office on title.

Complex Information

Complex Type: HolidayTotal Units in Complex: 26Total Units in Letting Pool: 11Owner Occupy Units: 13Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesBBQ Area: Yes
Marketing Agent
Alex Barker-Ré
Alex Barker-Ré

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Key Investment Insights

1. Spectacular beachfront resort located on the northern beaches of Cairns.
2. 26 beautifully appointed apartments, including the manager's residence.
3. Commanding ocean views from the beachfront building and stunning garden and mountain views from the rear.
4. Low maintenance and easily run business.
5. Secure gated complex catering to discerning guests.
6. Manager's residence features 2 bedrooms, 2 bathrooms, and an adjoining office on title.
7. Long agreements and good body corporate salary.
8. Excellent business with a net profit of $218,220.
9. Manager's unit valued at $440,000.
10. Complex type is holiday accommodation with 26 total units, 11 in the letting pool, and 13 owner-occupied units.
11. Agreement module is accommodation with a term of 25 years and 21 years remaining.
12. On-site amenities include a pool, spa, and BBQ area.

Management Rights Multiplier: 3.94
ROI Estimate: 25.37%

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