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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

Geoff Ellis
Premier Business Sales
Geoff Ellis
Premier Business Sales

Business Highlights

Business ID2017031595
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Last updated  26 May 2021
Map for Westcourt QLD 4870
Map for Westcourt QLD 4870Westcourt QLD 4870
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Geoff Ellis
Premier Business Sales
Geoff Ellis
Premier Business Sales

Business Highlights

Business ID2017031595
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  26 May 2021
Premier Business Sales
8 Croft Court Tugun QLD 4224
Geoff Ellis
Premier Business Sales
Geoff Ellis
Premier Business Sales

Ask Geoff Ellis about this business

Geoff Ellis

Geoff Ellis

Premier Business Sales

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0432 790 959
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