Cairns City, Queensland

$485,000

Property Description

BEST STARTER OR ADD-ON MANAGEMENT RIGHTS

YOUVE JUST CLICKED ON THE BEST STARTER OR ADD-ON MANAGEMENT RIGHTS IN AUSTRALIA!
3.2 Multiplier! That is a 30% return on your business investment and a neat as a pin 2 bedroom managers apartment.
So easy to manage with minimal duties, this is a great lifestyle choice.
17 apartments including the manager, with 14 in the letting pool
Short walk to The Esplanade and shores of the barrier reef.
Just a 2 minute drive to heart of all Cairns City has to offer.
Ideal business for first time operator or an add-on management rights business.
Long agreements and office on title.
This business has big potential to increase income both with tourism and Cairns Hospital.
Ideal for the manager seeking a sound business with good income.

Property Summary

Business Snapshot

Price: $485,000 Net Profit: $93,000 Remuneration / Body Corp Salary: $35,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $190,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 17Total Units in Letting Pool: 14Holiday Units: 14Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: 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 City, Queensland 4870 Exact map location not provided

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OFFERS SOUGHT AROUND $495,000
Net Income: $77,382
Managers Estate: $325,000 3 Bed 2 Bath
Letting Pool: 18
Remuneration: $33,966

MR Sales