Cairns City, Queensland

$1,220,000

Property Description

CITY PROPERTY PRICED TO SELL, PERFECT FOR FIRST TIMER.

This impressive well presented four star complex comprises a total of 24 two bedroom apartments.

Built in 2003 to a high four star standard it has constantly been maintained under professional on-site management. The property is an example of traditional Queensland architecture and holds considerable charm for first time visitors to Tropical North Queensland and is a highly favored property enjoying a large number of Corporate and repeat guests.

There are three levels to the complex starting on the ground floor which houses the manager’s office and a two bedroom apartment.

The ground floor area is shared with a spacious relaxation area with barbecue surrounded by a delightful pool. The remaining apartments are on the first and second floors.

The complex is located at the Northern end of Cairns at a convenient location on the city fringe adjacent to the Cairns Central Business District.

Cairns International Airport is but a 3 minute drive from the complex and the city center is a pleasant stroll or short car ride away.

Also within easy access from the complex is the Cairns Casino, Cairns Convention Center, Cairns Central Shopping Centre and various nightclubs, restaurants and theaters.

* Managers unit has 2 bedrooms 1 bathroom
* Top four star property
* Easy to manage lifestyle property
* Swimming pool
* BBQ area
* Wireless internet
* Secure parking
* Tour Desk

Property Summary

Business Snapshot

Price: $1,220,000 Net Profit: $221,465 Remuneration / Body Corp Salary: $39,594Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $270,000Bedrooms: 2Bathrooms: 1Office: On TitlePets OK: Yes
2 bedroom and 1 bathroom with enclosed private courtyard, Granite Kitchen

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 24Total Units in Letting Pool: 18Holiday Units: 15Permanent Units: 3Owner Occupy Units: 2Outside Agent Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: Yes

Marketing Agent

Frank Van der Heijden

Marketing Agency

Resort Sales

Resort Sales

Resort Sales

Frank Van der Heijden
Resort Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Cairns City, Queensland 4870 Exact map location not provided

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