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ONE OF THE VERY BEST PROPERTIES IN CAIRNS WITH A HIGH OCCUPANCY AND HIGH RETURNS
$ 2.550.000
Corporate management rights, Cairns North QLD
Positioned perfectly opposite Cairns Hospital, this outstanding management rights business presents a rare lifestyle and income opportunity. Included in the package is a beautifully maintained two-bedroom apartment, complete with a private, functional office space designed for effortless on-site management. The two bed room apartment features a nice layout, modern kitchen. Located within a well-managed complex, the business boasts consistently high occupancy rates, driven by its unbeatable location and loyal clientele.
A large portion of guests are healthcare professionals, doctors, nurses, and locum staff who value the convenience, comfort, and reliability of the accommodation. The complex is quiet, secure, and professionally maintained, making it highly appealing for long and short stays alike. Currently, the management rights are being run under onsite management, providing a true hands-off investment with room to increase returns for an owner-operator. With systems in place and a strong on-site reputation, the transition for a new owner would be seamless.
The letting pool includes well-kept, fully furnished apartments that require minimal ongoing effort to manage. Theres also an established booking system and repeat business year-round, removing the need for aggressive marketing. Whether youre looking to step into a stress-free income stream or take over operations yourself and increase profit margins, the potential here is undeniable. The office allows for easy administration without interfering with personal living space. Living and working just steps away from Cairns medical hub provides both security and peace of mind. This is an ideal opportunity for those seeking a well-located business with a strong, reliable client base and the option to be as hands-on or hands-off as you choose.
More Information
- Total Purchase Price: $ 2.550.000
- Net Income: $ 560,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 380,000
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?