Price Reduced - 30% Return, Urgent Sale Cairns City

$1,320,000

Resort / Holiday management rights, Cairns North QLD

Yes! Cairns Esplanade waterfront property.
One of the best opportunities this size in Cairns, with top location and waterfront views.
Offering a staggering 30% return on the business price.
Well managed, very stable business with attractive easily maintained grounds.
Good wholesaler networks in place and high volume of corporate clients.
Located on the Cairns Esplanade, overlooking Trinity Inlet and the parkland foreshore of Cairns Harbour.
This is an excellent property built in the traditional turn of the century Queenslander style of architecture.
Salt water pool with spa, complemented by shady gazebo and BBQ area.
This business provides all the best features of the industry and astute operators will wish to view.
Manager is approved to reside offsite.
Managers pet okay.
This property would ideal suit as a button on property for an existing operator, or for a Mum & Dad team wishing to enjoy a great TNQ business and lifestyle.

Contact Calvin for full property information.

More Information

Financial Overview

Total Purchase Price: $1,320,000
Net Income: $ 300,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 420,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.0
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 16
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 4
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 23
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 85,228
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No set hours
_{Required Office Hours}

Complex Features: Landscaped tropical gardens, sparkling salt water pool, gazebo and BBQ, free WIFI, Internet in rooms, tour desk, secure undercover car parking, security system.