Cairns, Queensland

$525,000

Property Description

Business For Sale - Prestige Cairns Main Road Holiday Lodge - ID 8987 BL

- North Queensland Management Rights For Sale
- Consistent Performer during Covid
- Owners Retiring after 13 years of Solid Trading
- Guaranteed Body Corporate salary of $76,000
- Only 18 out of 35 units in the holiday letting pool, great scope to improve
- Main focus on Hospital, medical and Government clientele, making it Covid proof
- Comfortable one bedroom manager's residence with great alfresco area
- Exclusive Use office, off the residence with no set office hours
- Supportive committee and owners
- 15 years remaining on agreements, with scope to top up to 25 years at the next BC meeting
- Resort style pool and BBQ area
- No set hours required, would suit an active couple
- Minutes from all shopping, medical services and International Airport
- Ideal for an active couple wishing to escape the southern, grow the letting pool and possibly take the property to it's next phase of development.

- The location is perfect, the residence comfortable, the complex is compact with no owner occupiers. You cannot go wrong with this Management Rights opportunity.

Net Profit: $154,000
Reduced Asking Price: $525,000
(Inclusive of manager's residence)

For further information or to arrange an inspection of this North Queensland management rights business for sale contact:

Management Rights Broker
Antonio Curulli

Property Summary

Business Snapshot

Price: $525,000 Net Profit: $154,000 Remuneration / Body Corp Salary: $75,856Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $160,000Bedrooms: 1Bathrooms: 1Car Spaces: 1
Nicely presented manager's unit with all the modern amenities needed for a managing couple, One bedroom, One bathroom (two toilets)

Complex Information

Complex Type: HolidayTotal Units in Complex: 35Total Units in Letting Pool: 18Holiday Units: 18Outside Agent Units: 16Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 14 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent


Marketing Agency

MR Sales

Antonio Curulli
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Cairns, Queensland 4870 Exact map location not provided

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