Management Rights business for sale in Westcourt
- Management Rights
- Westcourt QLD 4870
- For Sale by Expressions of Interest
Large & Very Impressive Permanent Management Rights North Queensland
This large & very impressive permanent management rights complex in North Queensland is situated within 5 minutes' drive of the Cairns CBD
468 lots in 13 x 2 & 3 level walk-up buildings over 14 acres of beautifully landscaped grounds
The property features 9 pools, BBQ areas, gardens, a full size tennis court, gym & secure underground car parking
Built in stages between 2005 & 2009, the complex offers a high standard in apartment living and with it's proximity to the CBD and commercial areas of Cairns, enjoys strong letting demand
237 lots currently in the rental pool with average rents from $400 (one bedroom apt) to $580 (3 bedroom apt) per week
25 year Body Corporate agreements commencing variously from 2005 to 2009
Body Corporate salaries total $668,000 and are adjusted annually
Given the location, scale and quality of this property, opportunity exists to not only improve the business through expansion and efficient management of the letting pool, but in considering holiday and corporate letting. The property could certainly accommodate this.
Net Profit $720,702
Property Code: 825
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