Northern Beaches of Cairns - Management Rights with 25 Absolute Beachfront Apartments - 1P4346MR
There are retail outlets close by including a large shopping centre, supermarket, restaurants, easy access to public transport and the world renowned Great Barrier Reef.
The Manager's unit is a tastefully renovated two bedroom residence located on ground level with a beach outlook.
If you are seeking the perfect lifestyle opportunity showing good returns on your investment, look no further!
The vendors are very motivated to sell after spending 16 years at the property and have priced the business accordingly.
TOTAL NUMBER OF UNITS : 45
UNITS IN LETTING POOL : 32
NET PROFIT $190,000
REAL ESTATE PRICE : $420,000
BUSINESS PRICE : $680,000
TOTAL ASKING PRICE : $1,100,000
Price: Management Rights $1,100,000
Net Profit: $190,000 Remuneration / Body Corp Salary: $64,800Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $420,000Bedrooms: 2Bathrooms: 1Office: On TitlePets OK: Yes
Complex InformationComplex Type: HolidayTotal Units in Complex: 45Total Units in Letting Pool: 35Holiday Units: 32Permanent Units: 3Owner Occupy Units: 3Outside Agent Units: 4Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS