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Accommodation & Tourism business for sale in Cannonvale

  • Accommodation & Tourism
  • Cannonvale QLD 4802
  • SOLD - Price Withheld

Permanent Complex - $124K Salary, 25 year Contract - Cannonvale - P3494MR

CRE Brokers are pleased to have been appointed Exclusive Marketing agents for this Solid Money Earning Business is the Whitsunday Region.

A new 25 year contract has just commenced with a $124K BC salary with a very generous annual increase.

This permanent complex consists of 90 Apartments (2 and 3 bedroom); ideally suited to renting with happy investors collecting about 5-6% on their capital. Tenants are in abundance as it is ideally located adjacent to a large shopping centre and close to transport which suits employees from nearby resorts who don't own a car.

There is a beautiful feature pool in the middle of the complex which presents beautifully as the Body Corporate just had the entire property re-painted in modern décor colours.

There is plenty of upside for the enthusiastic manager, with a gated complex that is relatively simple to look after no BBQ Area, No gym, No Tennis Court, No lift, and with 41 permanent rentals this is a great opportunity to contract a very solid stable income.

UNITS IN LETTING POOL : 41
MANAGERS RESIDENCE : 3 bed plus office on title and 2 carports
NET PROFIT : $175,000

REAL ESTATE PRICE : $225,000
BUSINESS PRICE : $650,000
TOTAL ASKING PRICE : $875,000

Business Highlights

Business ID2013273308
Floor AreaAsk Business Broker
Category
Last updated  29 Sep 2020
Map for Cannonvale QLD 4802
Map for Cannonvale QLD 4802Cannonvale QLD 4802

Business Highlights

Business ID2013273308
Floor AreaAsk Business Broker
Category
Last updated  29 Sep 2020
CRE Brokers
U4/10 Lakewood Boulevard Carrum Downs VIC 3201

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