Key Investment Insights
1. Prime, quiet location adjacent to the Cairns Esplanade
2. High demand for spacious two and three bedroom apartments
3. Good mix of holiday and permanent letting
4. Potential for further growth as conversion to holiday letting progresses
5. Low vacancy rate and rising rental rates in Cairns
6. No new apartment properties built in the area for ten years
7. Opportunity for manager to upgrade to a three bedroom apartment
8. Small manager pet allowed
9. Gallery Vie compliant
10. High net profit and excellent body corporate salary
11. Opportunity for manager to live on site
12. Complex includes amenities such as a pool, gym, BBQ area, and WIFI
13. Long-term agreement in place with 23 years remaining
14. Good balance of owner-occupied and rental units
15. Potential for further income through outside agent units.
Management Rights Multiplier: 3.95
ROI Estimate: 25.33%