Secure Lifestyle Opportunity In Far North Qld - 1p5225mr

Business For Sale Cairns, Queensland 4870

Business Category Management Rights

Management Rights $1,722,000

Description

Secure Lifestyle Opportunity In Far North Qld - 1p5225mr

CRE Brokers are pleased to bring to the market, the Permanent Management Rights for this modern and well-established resort style complex in Cairns.

This is a mindfully designed facility consisting of 98 apartments, 47 of which are permanently leased. There is a solid income based on 100% occupancy along with a $200,000 caretaking salary.

The Manager's residence comprises 3 bedrooms, open plan living, 2.5 bathrooms with a large patio and garden. The manager is not required to live on site so there is potential to rent the unit.

TOTAL NUMBER OF UNITS : 98
UNITS IN LETTING POOL : 47
NET PROFIT : $272,700

REAL ESTATE PRICE : $400,000
BUSINESS PRICE : $1,322,000
TOTAL ASKING PRICE : $1,722,000

Managers Unit

    Complex Information

    Other Features / Notes
    A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Cairns & North

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    This business is somewhat unique and has no similar competition in this region, category or price bracket.


    Contact Seller

    Bsale ID: 558546
    Broker REF: 1P5225

    CRE Brokers
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