ONE OF THE VERY BEST PROPERTIES IN CAIRNS WITH A HIGH OCCUPANCY AND HIGH RETURNS

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. There’s also an established booking system and repeat business year-round, removing the need for aggressive marketing. Whether you’re 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.

Property Details

AUTHORITY:
open
BUILDING TYPE:
2 Story Walk Up
FEATURES:
Secured undercover parking, 2 pools, BBQ, Wireless internet
PETS ALLOWED?
Yes

Management Rights Information

$2550000

PRICE

$560,000

Net Profit

ACTUAL

Calc. Type

$163,149.00

renumeration

Total Number of Units in Complex: 62
Units in Letting Pool: 30
Units Owner Occupied: 19
Units Let by Outside Agents: 12
Number of Lockup Units: 0
MR Agreement Term: 25
Agreement Term Remaining: 23
Age of Complex: 13

Manager Unit Feature

Office on Title:
Yes
Office Attached to Unit:
Yes

Value of Manager’s Realestate ($AUD):

$380,000.00

Bedrooms in Manager’s Unit:

2

Bathrooms in Manager’s Unit:

1
Carspaces with Manager’s Unit:
2

Additional Manager’s Unit Features:

Convenient ground floor managers unit with the office/reception attached.

Consultant Details

Frank van der Heijden

PHONE:

(07) 4056 6366

MOBILE:

0407 137 186

Enquiry Form

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