Cairns City, Queensland

$650,000

Property Description

Top permanent letting property Cairns CBD

Excellent modern permanent letting complex close to the Cairns CBD. Consisting of 38 apartments in three contemporary style buildings. All 2 or 3 bedrooms with 2/3 bathrooms. Two km to the Cairns Esplanade and 5 minutes to Cairns Central Shopping Plaza. What a great business - and a top salary of $67,142. Manager not required to reside onsite with the manager's apartment is currently rented and returning $20,000 gross. Agreement terms recently topped up to 18 years. This cannot be beaten for both an inflation and recession proof business, certainly in these troubled times. Cairns has one of the lowest vacancy rates in the country at 2% and rental rates are excellent. Great starter property or add-on.
Contact Alex or Calvin for further information.

Property Summary

Business Snapshot

Price: $650,000 Net Profit: $84,814 Remuneration / Body Corp Salary: $67,142Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $290,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes
Large 123m2 Two bedroom two Bathroom manager's apartment with private patio. Office is exclusive use.

Complex Information

Complex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 12Permanent Units: 12Owner Occupy Units: 10Outside Agent Units: 16Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 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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Calvin Bailey Management Rights