Please refer to Reference No: MR1370

Management Rights

Managers Unit: 2 Bedrooms

Managers have plenty of time to enjoy the peaceful, relaxing tropical surrounds of their delightful luxury air-conditioned two bedroom two bathroom apartment. A most welcoming adjoing reception office is on title. MANAGERS APARTMENT $395,000 + FREEHOLD RESTAURANT $155,000 (with a new 4 year lease)

Financial Snapshot

• Net Profit: $248,087
• Business Value: $975,000
• Body Corporate Salary: $60,459
• Salary Review: CPI annually
• Body Corporate Levies: $4,500
• Council Rates: $1,500

Complex Information

• Star Rating: 4.0 Star
•    Apartments in Letting Pool: 27
•    Holiday Letting: 27
•    Owner Occupied: 2
•    Outside Agent: 2
• Agreement Module: Accomodation
• Agreement Term: 25 years
• Agreement Term Remaining: 12

Full Description:

An easy to run 4 Star business with an excellent return for a couple whom would like to indulge in a relaxing , noise free, absolute beach front location. The reason this irresistable holiday complex is so popular it is only 15 minutes from the Cairns CBD & very close to all major tourist attractions. Rare opportunity to secure a tropical resort which includes a licensed a-la-carte poolside restaurant and bar. Facilities include: First class Tennis/basketball court, lagoon free form pool/spa, gym/games room, basement carpark with central elevator servicing all floors. Potential for growth is a certainty. It is indeed a pleasure to have this Boutique Resort available. For a free information pack on this property or to arrange an inspection contact marketing agent Monty Van Dyk on 0413 770 636 or email to admin@kapitolbrokers.com.au

Summary:

Perfectly positioned 32 fully self-contained holiday apartment complex

Net Profit $248,087

2 bedroom 2 bathroom a/c managers freehold apartment is included
valued at $395,000

Fully licensed a la carte restaurant in place
valued at $155,000
Sale Price $1,525,000

visit website: www.kapitolbrokers.com.au

Sustainability Declaration if relevant to this listing can be supplied upon request, contact marketing agent.