4.5-star Resort-styled complex meters from the beach

This superior 4.5-star beachfront residential resort is situated directly across from the lifeguards’ tower on one of Cairns’ closest and quietest beachfronts with several licensed restaurants, take-aways, bottle shop and supermarkets within minutes walking distance, and only 12 minutes from Cairns by car.

This complex is modern, stylish and in a great location with a sensational resort-style pool surrounded by established low maintenance landscaping and up-to-date facilities making this property easily managed as well as conveniently located for access to public transport at the front door.

The business already has a reputation for excellence amongst locals and tour operators. The resort has been changed from holiday rentals to permanent letting with a change of zoning approval from the council due to the current COVID-19 pandemic. The council is also undergoing a beautification program and has made significant improvements to the beachfront and associated facilities in recent times.

Most apartments are identically furnished and are spacious one-bedroom apartments with balconies. These units are designed to maximize natural light, and the extensive gardens are maintained by one full-time gardener with assistance from the manager.

Electricity and gas for the complex is supplied by the manager under resale agreements. There is a single electricity meter for the complex and the management contracts to purchase and bills the tenants or owners for their consumption.

The current agreements have a clause that the term will be automatically renewed.

Property Details

AUTHORITY:
under contract
BUILDING TYPE:
3 story
FEATURES:
Full tour desk, BBQ area, undercover car parking, resort pool, WiFi network
PETS ALLOWED?
Yes

Management Rights Information

$1,435,000

PRICE

$ 291.000,-

Net Profit

ACTUAL

Calc. Type

$ 155.077,-

renumeration

Total Number of Units in Complex: 74
Units in Letting Pool: 57
Units Owner Occupied: 11
Units Let by Outside Agents: 6
Number of Lockup Units: 0
MR Agreement Term: 25
Agreement Term Remaining: 21
Age of Complex: 21

Manager Unit Feature

Office on Title:
Yes
Office Attached to Unit:
Yes

Value of Manager’s Realestate ($AUD):

$ 270.000,-

Bedrooms in Manager’s Unit:

1

Bathrooms in Manager’s Unit:

1
Carspaces with Manager’s Unit:
2

Additional Manager’s Unit Features:

2 balcony’s

Consultant Details

Frank van der Heijden

PHONE:

MOBILE:

0407137186

Enquiry Form

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