North Queensland

$1,251,000

Property Description

Exclusive 4.5 Star Lakefront Resort

Situated on delightful Lake Tinaroo in the Atherton Tablelands, Far North Queensland.
A picturesque 1.5 hour drive from Cairns.
A true haven for fishing and boaties.
A great mix of 2 and 3 bedroom fully self-contained townhouse apartments, most with lake views from spacious balconies.
Magnificent function centre finished in marble and wood - has to be seen to be believed. Large separate bar and dining areas.
Catering for weddings, conferences and corporate functions.
The small hamlet of Tinaroo and peaceful lake area offers a complete get-away or a full water sport adventure.
Excellent business security with 23 years on agreements and a top salary, with a lifestyle to suit.
Spacious manager's apartment is complimented by a downstairs separate 2 bedroom apartment.
Large reception area including shop.
Fully equipped commercial standard laundry included.
Vendors would also consider selling the business and real estate associated with ''The Lodge'' restaurant and function centre.

Property Summary

Business Snapshot

Price: $1,251,000 Net Profit: $172,770 Remuneration / Body Corp Salary: $77,759Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $595,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Spacious 3 bedroom 2 bathroom managers residence, separate 2 bedroom apartment, plus reception/shop area and fully equipped laundry also on title

Complex Information

Complex Type: HolidayStar Rating: 4.5Total Units in Complex: 36Total Units in Letting Pool: 22Holiday Units: 21Permanent Units: 1Owner Occupy Units: 6Lockup Units: 8Manager Units: 2Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 Years yearsPool: YesPay TV: Yes

Marketing Agent


Marketing Agency

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey
Calvin Bailey Management Rights

Phone

Listing Tools

This listing last updated: 24th September 2017

Property Map

Exact map location not provided

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