Urgent Disposal Sale
Cairns Permanent Management Rights
This is an exceptional opportunity. My realistic Sellers will meet the market - they are not testing the market. Located in Cairns, a tropical paradise where the rainforest meets the reef, and is the only place in the world where two world heritage-listed sites can be found side-by-side.
Exceptionally motivated vendor is relocating interstate for dream career opportunity. This is a must sell opportunity so make an offer.
Complex provides resort-style facilities and easy to maintain tropical style gardens, this is a low maintenance and low hours business.
The spacious manager's unit including two-bed plus study, 2 bath and car park with a recent $30,000* renovation makes this such a fantastic buy.
A perfect opportunity for a couple or small family to work and play in the delights of tropical holiday destination Cairns.
Keypoints Include:- Motivated vendor requires a quick sale to move cities
- Desirable location! Proximity to Pease Street cafes, bars, restaurants
- Long-term caretaking and letting agreements to 31 July 2040 (+17 years)
- $105,337* Projected full-year net profit (based on 1/8/22-31/03/23 P&L)
- $80,071*p.a. Current caretaker salary; locked-in CPI annual increases
- 15 Units in the permanent letting pool out of 34 units in the complex
- Opportunity for focussed new management to grow units in the letting pool
- Ideal business for a husband and wife or couple to run
- Low hours and low maintenance complex
- Resort facilities; outdoor heated pool, spa, barbecue facilities, and secure parking
Act now and do not delay submitting your offer. I am under very clear instructions to present all offers. This is one that will be snapped up!
Asking Price: $ 695,000($290K Real Estate & $405K Business) Please contact Craig Cornish to receive a full information package and or arrange an inspection.
* Approx
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