Key Investment Insights
1. Prime location on the Cairns Esplanade with waterfront views and close proximity to popular tourist attractions and the CBD.
2. Well-presented 4.5 star property with spacious waterfront accommodation.
3. Manager's apartment included in the sale, providing ideal lifestyle for the new owners.
4. High demand for both the tourism and corporate markets.
5. Potential for growth and increased profits with astute management.
6. Price includes a net profit of $396,000 and a body corp salary of $68,734.
7. Managers apartment valued at $550,000 and includes two bedrooms, two bathrooms, and a private garden courtyard.
8. Complex is a holiday type with a 4.5 star rating and a total of 37 units.
9. 20 units are in the letting pool, 15 are owner-occupied, and 2 are managed by outside agents.
10. Agreement module is accommodation with a term of 20 years and 18 years remaining.
11. Complex amenities include a pool, sauna, BBQ area, pay TV, and WIFI.
Management Rights Multiplier: 4.55
ROI Estimate: 22.00%
