Proudly supported by all of the industry's leading brokers
Waterfront location with Style
$1,595,000
Resort / Holiday management rights, Cairns North QLD
One of the best properties of this size in Cairns, top location, waterfront views and and well designed.
Little Covid impact, the numbers speak for themselves:. Occupancy Jan 2020 to July 2021 averages 73%.
Well managed, very stable business with attractive easily maintained grounds.
Located on the Cairns Esplanade, overlooking Trinity Inlet and the parkland foreshore of Cairns Harbour.
Good wholesaler networks in place and very high volume of corporate clients.
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.
Security gates with CCTV
Undercover off-street car parking,
Solar power.
Manager approved to reside offsite.
Manager's pet okay.
More Information
- Total Purchase Price: $1,595,000
- Net Income: $ 320,154
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 350,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.9
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?