Cairns City, Queensland

$1,880,000

Property Description

Boutique Management Rights Cairns CBD $407,620 net | Resort Brokers ID : MR005951

ResortBrokers® is proud to exclusively present this boutique business to market. This exciting opportunity has been held by the same entity for the last 9 years due to its central location and uncapped potential. The 'blue sky' for the next operator is limitless. With 48 holiday zoned, self-contained apartments this complex stand independently within the Cairns landscape. With a 25% ROI, this opportunity is priced to sell!



  • Cairns CBD Location

  • Self-contained holiday zoned apartments

  • 21-year agreements

  • Large manager's unit with private courtyard

  • Strong occupancy holiday & corporate

  • Proven performer with a $407,620 net profit

  • No set office hours

  • Lots of upshot for new management

  • Property inspections are by appointment only

Date updated: 06 Dec 2019 23:00:06

Property Summary

Business Snapshot

Price: $1,880,000 Net Profit: $407,620 Remuneration / Body Corp Salary: $75,222

Managers Unit

Value of Managers Apartment: $320,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 48Total Units in Letting Pool: 39Holiday Units: 39Owner Occupy Units: 2Outside Agent Units: 9Agreement Term Remaining: 21 years

Marketing Agent


Marketing Agency

ResortBrokers

Chenoa Daniel
ResortBrokers

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Map Location ( get directions )

Cairns City, Queensland 4870 Exact map location not provided

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