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Cairns CBD Luxury Paradise
$2.180.000,-
Resort / Holiday management rights, Cairns City qld
The complex is a major architectural icon in the Cairns Business District.
The Properties are prominently positioned in the heart of the inner city, surrounded by a choice of world class shopping, cafes and fashionable restaurants, entertainment and city life. With everything just a short stroll away, including the spectacular new Esplanade and city beach development, it is one of the most sought after Holiday Accommodation in inner city Cairns.
Designed to create a stunning living environment for people with 21st century tastes, the 2 and 3 bedroom apartments of the complex encapsulate the very best features to compliment a stylish tropical lifestyle.
Lifestyle And Design features Split system air conditioning, expansive and very liveable balconies extending from spacious open plan interiors. With the main bedroom en suite featuring a private spa bath, innovative lighting and fixtures gourmet kitchens with designer appliances compliment striking surfaces The Lushly landscaped swimming pool deck and entertainment area is always popular.
Current Management has 9 apartments in her complex and another 17 apartments and rentals under management from the neighboring buildings where no onsite manager exist.
They also receive additional common area cleaning income from the neighboring building.
They have also an additional 6 outside properties under management
Location
These luxury properties are located in the centre of the Cairns Business District, with less then a minute walk to Cairns major shopping centre and restaurants, and a short walk to the Cairns Convention Centre.
More Information
- Total Purchase Price: $2.180.000,-
- Net Income: $ 351,599
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 780,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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?