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1300 76 78 02Prime Location Tropical North Qld Management Rights Business with
28% ROI and 4 Bedroom Residence - 1P6016MR 452
CRE Brokers are pleased to exclusively present this opportunity to acquire the Cairns Reef Apartments and Motel, a thriving accommodation business located on southern side of Cairns.
With more than a decade of consistent growth and high occupancy rates, this property presents a great investment and lifestyle opportunity in one of Australia's premier tourist destinations.
TOTAL NUMBER OF UNITS: 28 (not including Manager's residence)
UNITS IN LETTING POOL : 20
NET PROFIT : $184,902.53
MANAGER'S RESIDENCE : 4 Bedrooms with Office on Title
REAL ESTATE PRICE : $590,000
BUSINESS PRICE : $500,000
TOTAL ASKING PRICE : $1,090,000
Property Overview
Property Id:
1P6016Under Offer:
noPrice:
Management Rights $1,090,00