Cairns, Queensland

$1,085,000

Property Description

Large permanent - Fantastic lifestyle

Large modern permanent complex in Cairns with 63 of the 80 apartments in the rental pool.
Secure gated community.
Excellent Body Corporate salary of $117,608.
Very good facilities including a large resort style pool.
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: $1,085,000 Net Profit: $216,173 Remuneration / Body Corp Salary: $117,608Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $220,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets 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

Calvin Bailey

Marketing Agency

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey
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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CAIRNS CITY
Price Review for this Fantastic Business ...

$999,000
Net Income: $204,382
Managers Estate: $350,000 3 Bed 2 Bath
Letting Pool: 42
Remuneration: $101,502

Calvin Bailey Management Rights