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Great Permanent Close to CBD
$640,000
Resort / Holiday management rights, Cairns QLD
Excellent permanent Letting complex in Manoora, Cairns.
Close to Raintree Shopping Centre and all general facilities.
Ten minutes drive to Cairns CBD.
Two and three bedroom apartments set within a secure gated community.
Well presented two bedroom two bathroom Managers Apartment.
Top Agreements with 17 years to run and excellent $85,135 incl. GST salary.
This high demand rental property enjoys a top occupancy which is assured to continue with Cairns vacancy rate currently less than 1%.
Manager enjoys a good relationship with Body Corporate committee.
Pets okay with Body Corporate approval.
Easy one person property management.
More Information
- Total Purchase Price: $640,000
- Net Income: $ 101,647
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 300,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.3
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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?