Cairns City, Queensland

$394,000

Property Description

PRICE REDUCED!! BEST STARTER OR ADD-ON MANAGEMENT RIGHTS

YOUVE JUST CLICKED ON THE BEST STARTER OR ADD-ON MANAGEMENT RIGHTS IN AUSTRALIA!
2.9 Multiplier! That is more than 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 8 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 with units coming back into the pool and good business from tourism and Cairns Hospital.
Ideal for the manager seeking a sound business with good income.

Property Summary

Business Snapshot

Price: $394,000 Net Profit: $70,000 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
Neat as a pin two bedroom manager's apartment.

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 17Total Units in Letting Pool: 8Holiday Units: 8Outside Agent Units: 8Manager 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

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Map Location ( get directions )

Cairns City, Queensland 4870 Exact map location not provided

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