What an Opportunity - 2.9 Multiplier at one of Cairns Favourite Beaches
Well presented, easily run one bedroom and studio apartment complex in beautiful Trinity Beach.
Vendors say sell and have priced accordingly at a multiplier rarely seen.
A short walk to one of Cairns favourite beaches, and to the local shopping centre.
The spacious managers unit has 3 bedrooms and a large private patio.
On title is also a large office/reception area.
Long term Body Corporate Agreements and new Appointments with all owners are in place.
Opportunities abound and astute management will significantly improve the profitability here and benefit accordingly.
Body corporate approval for pets.
Ideal for first time buyers or as an add-on for existing operators.
Call Alex now for further details.
Net Profit: $128,000 Remuneration / Body Corp Salary: $48,500Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $295,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes
Spacious three bedroom apartment with large patio.
Complex InformationComplex Type: HolidayTotal Units in Complex: 42Total Units in Letting Pool: 24Holiday Units: 18Permanent Units: 6Owner Occupy Units: 13Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes