Cairns City, Queensland

$1,700,000

Property Description

Excellent permanent letting business opportunity

Charming development with a rural atmosphere and comprising a total of 98 apartments. This three staged construction complex was completed in mid 2007. With a lovely country village atmosphere this quality permanent complex provides a secure gated living environment close to Cairns.
Apartments feature quality fixtures and fittings and the three bedroom/two bathroom manager’s apartment is no exception.
New 25 year agreement and Body Corporate Salary tops $203,000 pa.
This high demand rental property enjoys a top occupancy which is assured to continue with Cairns vacancy rate currently less than 2%.
The consistent trading figures show no downturn over the Covid period.
Great opportunity to buy one of the best in permanents in a modern building and great location.


Call Calvin for further details.

Property Summary

Business Snapshot

Price: $1,700,000 Net Profit: $275,000 Remuneration / Body Corp Salary: $203,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $385,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes
Three bedroom, 2 bathroom with spacious patio and grassed area. 162m2

Complex Information

Complex Type: PermanentTotal Units in Complex: 98Total Units in Letting Pool: 50Permanent Units: 50Owner Occupy Units: 39Outside Agent Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24.5 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 City, Queensland 4870 Exact map location not provided

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