Trinity Beach, Queensland

What an Opportunity 1.2 Multiplier

$550,000

Business Description

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

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

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.

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

Body corporate approval for pets.


Call Alex now for further details.

Business Summary

Business Snapshot

Price: $550,000 Net Profit: $105,000 Remuneration / Body Corp Salary: $61,800Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $425,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes
Spacious three bedroom apartment with large patio.

Complex Information

Complex Type: MixedTotal Units in Complex: 40Total Units in Letting Pool: 13Owner Occupy Units: 19Outside Agent Units: 7Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Alex Barker-Ré
Alex Barker-Ré

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Key Investment Insights

1. The business is priced at a 1.2 multiplier, making it an ideal opportunity for first time buyers or as an add-on for existing operators.
2. The complex is well presented and easily run, with a mix of one bedroom and studio apartments.
3. Located in the popular and beautiful Trinity Beach, the complex is just a short walk to the beach and local shopping center.
4. The managers unit is spacious with 3 bedrooms and a large private patio.
5. The complex also includes a large office/reception area on title.
6. There is potential for improved profitability with astute management.
7. The complex has body corporate approval for pets, making it attractive to pet owners.
8. The net profit for the business is $105,000, with a remuneration/body corp salary of $61,800.
9. The managers apartment is valued at $425,000 and includes 3 bedrooms, 1 bathroom, and 1 car space.
10. The complex is a mixed type with a total of 40 units, 13 of which are in the letting pool.
11. The agreement module is accommodation with a term of 25 years, with 21 years remaining.
12. The complex features a pool, BBQ area, pay TV, and WIFI for guests.

Management Rights Multiplier: 1.19
ROI Estimate: 84.00%

Listing location
Gallery

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