Trinity Beach, Queensland

What an Opportunity - 2.4 Multiplier at one of Cairns Favourite Beaches

$598,000

Property Description

Well presented, easily run one bedroom and studio apartment complex in beautiful Trinity Beach.

Vendors say sell and have priced accordingly at a multiplier rarely seen.

A short walk to one of Cairns favourite beaches, and to the local shopping centre.

The spacious managers unit has 3 bedrooms and a large private patio.

On title is also a large office/reception area.

Long term Body Corporate Agreements and new Appointments with all owners are in place.

Opportunities abound and astute management will significantly improve the profitability here and benefit accordingly.

Body corporate approval for pets.

Ideal for first time buyers or as an add-on for existing operators.

Call Alex now for further details.

Property Summary

Business Snapshot

Price: $598,000 Net Profit: $128,193 Remuneration / Body Corp Salary: $48,814Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $295,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes
Spacious three bedroom apartment with large patio.

Complex Information

Complex Type: HolidayTotal Units in Complex: 42Total Units in Letting Pool: 24Holiday Units: 18Permanent Units: 6Owner Occupy Units: 13Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Alex Barker-Ré
Alex Barker-Ré

Calvin Bailey Management Rights

Calvin Bailey Management Rights

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