Easy, Profitable, Permanent Complex in Clifton Beach, Far North Queensland
This easy to manage permanent complex with a modern, spacious 3 bedroom, 2 bathroom, fully airconditioned Managers Residence is the ideal business to mix with a sunny North Queensland lifestyle.
The complex consists of 44 (plus Managers Apartment) fresh, modern 3 bedroom, 2 bathroom apartments for permanent rentals. Occupancy is consistently 100% with the pet-friendly complex just a short drive to Clifton Beach, shops, schools and the James Cook University.
The business comfortably nets over $100,000 per annum, with no set hours of operation. The Body Corporate also contribute to the maintenance of the grounds, and are very accommodating with the onsite managers. A bus stop is only 100 metres from the front gate of this secure residential apartment complex.
Unit Price: $360,000
TOTAL SALE PRICE: $785,000 neg
Net Profit: $100,849 Remuneration / Body Corp Salary: $65,557
Managers UnitValue of Managers Apartment: $360,000Bedrooms: 3
Complex InformationComplex Type: ResortTotal Units in Complex: 46Total Units in Letting Pool: 21Holiday Units: 21Owner Occupy Units: 7Agreement Term: 25 yearsAgreement Term Remaining: 18 years