Cairns, Queensland

$1,150,000

Property Description

Fantastic lifestyle awaits

Large modern permanent complex in Cairns with 63 of the 80 apartments in the rental pool.
Secure gated community.
Excellent Body Corporate salary of $114,820.
Very good facilities including a large resort style pool.
Five year top up proposal to Agreement term awaiting Body Corporate approval.
There is also the option of purchasing the apartment adjacent to the manager's - for an additional $200,000.
Close to Cairns city and in a high demand rental area.

Low vacancy rate and secure income streams make this a very desirable property especially in these challenging times.

Call Alex or Calvin for further information.

Property Summary

Business Snapshot

Price: $1,150,000 Net Profit: $222,789 Remuneration / Body Corp Salary: $114,820Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $225,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Two bedroom / 2 bathroom apartment 84m2 with private patio. Option to buy the adjoining apartment for an additional $200,000.

Complex Information

Complex Type: PermanentTotal Units in Complex: 80Total Units in Letting Pool: 63Permanent Units: 63Owner Occupy Units: 7Outside Agent Units: 10Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: YesBBQ Area: Yes

Marketing Agent


Marketing Agency

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Alex Barker-Ré
Calvin Bailey Management Rights

Phone

Listing Tools

Property Map

Map Location ( get directions )

Cairns, Queensland 4870 Exact map location not provided

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