Cairns Evergreen

This very comfortable complex of 26 three and a half star apartments comprises motel suites, studio apartments and one and two bedroom apartments. They are situated on two levels of a large U shaped building surrounding a magnificent pool with tropical gardens.

With its location close to the city, it’s flexibility of accommodation on offer and a tariff structure appealing to broad cross section of tourists it enjoys very consistent year round occupancies. The reliability of the income stream holds considerable appeal to those wanting to enter the Management Rights industry for the first time.

The manager’s apartments is a large 3 bedroom 2 bathroom 140 square meters and being pet friendly is suitable for family accommodation with a spacious open plan living area. A galley kitchen opens to a large back of office and linen storage room.

Tour sales are an important source of income to the business and the busy office is accessed by a wide covered walkway leading from the street where tour operators pick up guests at the door.

There are minimum gardens surrounding the complex providing an easy upkeep regime for the manager whose outdoor duties are limited to caring for the pool and barbecue, car park and walkways.

This is a Management Rights business the way they should be.
No owner occupiers or permanent tenants allowed due to council zoning restriction.

Location.

Located on a large corner site on the main thoroughfare between the Cairns International Airport and the Cairns CBD, the property enjoys excellent exposure to a high flow of traffic.

The complex is conveniently located close to the airport and just 2 kilometers from the Cairns CBD and the Cairns Esplanade and beach is only a short stroll.

This city fringe location extends to guests all the conveniences of being within a short distance of the citys range of smart shopping, alfresco cafes, chic restaurants, fashionable bars and pulsating night life.

Features
* Nett $140.500,-

* Manager’s comfortable 3 bedroom 2 bathroom ground floor apartment

* Accommodation module.

* Very flexible apartment configurations

* An easy to maintain 3.5 star complex convenient to the city

Property Details

AUTHORITY:
open
BUILDING TYPE:
2 Story Walk Up
FEATURES:
Pool, BBQ, Coin operated laundry
PETS ALLOWED?
Yes

Management Rights Information

$896,500

PRICE

$140.500,-

Net Profit

ACTUAL

Calc. Type

$44.085,-

renumeration

Total Number of Units in Complex: 27
Units in Letting Pool: 25
Units Owner Occupied: 0
Units Let by Outside Agents: 1
Number of Lockup Units: 0
MR Agreement Term: 25
Agreement Term Remaining: 25
Age of Complex: 37

Manager Unit Feature

Office on Title:
Yes
Office Attached to Unit:
Yes

Value of Manager’s Realestate ($AUD):

$300.000,-

Bedrooms in Manager’s Unit:

3

Bathrooms in Manager’s Unit:

2
Carspaces with Manager’s Unit:
2

Additional Manager’s Unit Features:

Consultant Details

Frank van der Heijden

PHONE:

+61407137186

MOBILE:

+61407137186

Enquiry Form

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