High Earning Cairns Lifestyle, Location, and Profitability Combined

$2,330,000

Resort / Holiday management rights, Cairns City QLD

Offered for sale at $2,330,000, this exceptional management rights business presents an enviable blend of lifestyle and strong commercial returns in the thriving holiday hotspot of Cairns, Queensland.

This offering is a well-established holiday complex of 29 apartments with an impressive Net Profit of $424,071 inclusive of a CPI salary of $77,941 ex GST.

With 22 years remaining on agreements, this business offers long-term security and the perfect balance between income, freedom, and lifestyle.

The package includes a beautifully maintained managers apartment valued at $630,000, positioned close to Cairns city centre and the Esplanade.

The business enjoys consistent occupancy from both domestic and international travellers drawn to Far North Queenslands natural wonders from the Great Barrier Reef to the Daintree Rainforest.
This is a turnkey opportunity with excellent repeat clientele, a supportive body corporate, and well-structured systems already in place. Perfect for a couple seeking a rewarding coastal lifestyle business or an investor wanting strong returns in a growth tourism market.

Simply put, this is an award-winning, clean and green, eco-certified complex in Cairns CBD with a very reasonable 4 multiplier.
The property rates highly with holiday guests and has consistent government and corporate clientele, providing reliable income all year round and contented owner-investors. It is a well-presented property two blocks from the Cairns city centre and Central Shopping complex, and is in a quiet location.
Excellent facilities including undercover secure parking. Immaculate 2 bedroom managers apartment with separate office/foyer.

The property is of Queensland Colonial Style design in a modern, compact building designed for easy maintenance & administration. There are no apartments with outside agents. The vendors are motivated and after 10 years, ready to move on. Pets allowed with body corporate approval.

Inspection is highly recommended: contact Calvin today for further information.

More Information

Financial Overview

Total Purchase Price: $2,330,000
Net Income: $ 424,071 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 630,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.0
_{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: 29
_{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: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 34
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 77,941
_{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: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 27 years
_{How long has the management rights existed.}

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

Complex Features: Large resort style swimming pool, covered barbecue area, secure basement parking, tour desk, Wifi and guest foyer. Ecotourism Australia and EcoBiz certified.

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 630,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Beautifully maintained 87m2, two bedroom, one bathroom apartment with separate WC, apartment with balcony, plus a separate office and reception, car park, linen cupboards and storage, all on title.