Palm Cove
$3,630,000
3
2
1
Management Rights
- 58 Total Units
- Resort/Holiday Complex Type
- 37 Letting Pool
- $187,431 Remuneration
- $716,000 Net Profit
- $800,000 Manager's Unit
- BBQ, WiFi, Pets Allowed, Pool Features
Property Description
NET INCOME $716,000 - IMPRESSIVE RETURN ON INVESTMENT
Palm Cove is a much loved and sort after suburb of Cairns, renowned for its enclave of luxury hotels and fine-dining restaurants. The beachside village is centred around a palm tree lined esplanade. Hire a kayak and paddle off the beach, fish off the jetty or boat to the islands. Palm Cove has been rated as one of Australia's top ten beaches. World heritage wonders of the Daintree Rainforest and the Great Barrier Reef are at your doorstep. Conveniently located a short 20-minute drive from Cairns International Airport whilst Cairns city is a brisk 30-minute travel. This beautiful holiday resort offers facilities such as pools, BBQ area, spa, tour desk and wi-fi. Presently run under management, this provides an upside for an owner-operator to maximise revenue and profitability, such as securing lets from outside real estate agents and increasing the businesses letting pool. On-site manager is well accommodated with a roomy apartment consisting of three bedrooms, two bathrooms and one car space. Management Rights Agreements have a healthy 21 years remaining, currently providing a tidy Body Corporate Salary of $187,000 p.a. (ex-GST) and increasing yearly by CPI. Representing a perfect balance of lifestyle and business, within paradise. Contact me for more information now!
Your Trusted Management Rights and Resort Sales Brokers
