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Award winning CBD Holiday Resort in Cairns
$2,355,000.-
Resort / Holiday management rights, Cairns City QLD
Owner decides to retire after 9 years.
Award winning holiday resort in the CBD of Cairns.
City terraces has no outside agents, rates highly with holiday guests, has consistent government and corporate clientele providing you with consistent income most of the year and happy owners.
It is an easy business to run with streamlined systems, excellent staff, the latest RESLY reservations software and an impressive managers apartment.
A new manager will enjoy the convenience of an easy walk to shops, gyms, cafes and the waterfront.
It is just two blocks from Cairns Central Shopping Center and one block form Munro Martin park and the Cairns performing Arts Center.
-No set office hours
-New caretaking agreements
-22 years of letting agreements
-Well maintained walk-up holiday/short stay apartment complex in Cairns City
-Easy to run complex with CPI indexed BC salary and supportive committee
-Verified, Net profit of $424,071 (Nov 2025) with good potential to increase
-Well maintained 4 start, 1 - 2 bedroom apartments
-29 apartments in the letting pool and 4 owner occupiers (no outside agents or tenants!)
-Immaculate managers two bedroom apartment, 1 car apartment, plus separate reception and back office area
-Excellent systems to ensure efficient housekeeping with linen cupboards and storage on title
More Information
- Total Purchase Price: $2,355,000.-
- Net Income: $ 424,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 575,000
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?