North Queensland Management Rights For Sale
Great Body Corporate Salary, Flexible Letting
- Located at waters edge in Holloways Beach, Cairns Northern Beaches
- Modern and stylish complex in premier beachfront location
- Covid proof permanent lettings with the flexibility to switch between permanent and holiday
- Positioned to place part of the complex back into holiday letting and reap great upside
- 74 spacious self contained 1 bedroom units with fold out sofas to maximise rentals
- 59 units in the letting pool, 5 outside agents and 10 owner occupiers
- All units surround pool and garden area, many with ocean views from 1st & 2nd floors
- Easily managed business with outsourced gardening, cleaning and reception support
- Excellent ratings from short term booking sites
- Only a short drive to Cairns International Airport, 10 minutes to Smithfield and 12 minutes to Cairns CBD
Currently 21 years remaining on agreements with automatic top ups every 5 years. The manager’s residence is a generous one bedroom apartment with 2 car parks, ample storage, 2 offices and foyer on title – valued at $270,000.
Net Profit: $307,000 (2019 / 2020 figures)
Asking Price: $1,435,000
(Inclusive of manager’s real estate)
For further information or to arrange an inspection of this North Queensland management rights for sale contact:
Management Rights Broker
Antonio Curulli
0488 030 853
tony@mrsales.com.au