Please refer to Reference No: MR345

Management Rights

Managers Unit: 3 Bedrooms

Luxury 3 bedroom 2 bathroom ground floor managers apartment plus back office.

Financial Snapshot

• Net Profit: $452,000
• Business Value: $2,335,000
• Body Corporate Salary: $87,066
• Salary Review: CPI annually
• Body Corporate Levies: $5,905
• Council Rates: $2,189

Complex Information

• Star Rating: 4.5 Star
• Total No. of Apartments: 60
•    Apartments in Letting Pool: 54
•    Holiday Letting: 54
•    Owner Occupied: 3
•    Outside Agent: 1
•    Lockup: 1
• Agreement Module: Accomodation
• Agreement Term: 15 years
• Agreement Term Remaining: 12 years

Full Description:

Arguably the finest holiday complex on the Cairns beaches. This highly sought after property is an established proven performer with strong local and domestic clientele. Superb beachfront location with 60 apartments and a strong income of over $450,000 this is a complex not to be missed by investor groups, experienced individuals or partnerships.
Register your interest now by calling marketing agents Monty Van Dyk 0413 770 636 and Ingram Jung 0412 968 434.

Summary:
60 luxury apartment beachfront holiday complex
Finest resort north of Cairns

Net Profit $452,000

Freehold real estate includes a 3 bedroom 2 bathroom plus back office plus reception on title
Real Estate valued at $610,000

Sale Price $2,945,000

visit www.kapitolbrokers.com.au