City Opportunity Mixed Letting
You've Arrived - Modern, exclusive 4 level resort in a prime location adjacent to the Cairns Esplanade. Offering a total of 95 spacious two and three bedroom apartments with 63 in the current letting pool, this quality resort is in a high demand area.
Excellent Body Corporate salary and good Agreements. A mix of holiday and permanent letting is offered. Further conversion to holiday letting is envisaged as demand requires.
Opportunity for manager to upgrade to 3 bedroom apartment.
Cairns long term rental vacancy rate is down to 2% with rentals rising. No new apartment properties have been built for 8 years.
Rarely do opportunities for properties of this calibre and upside come along. Manager allowed small pet with Body Corporate approval.
Business SnapshotPrice: $2,300,000Net Profit: $430,000 Remuneration: $120,000
Managers UnitValue of Managers Apartment: $400,000Bedrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Well sized. Adjoining Office.
Complex InformationTotal Letting Pool: 59Agreement Module: AccommodationAgreement Term: 25 years