Freestanding Manager’s Residence

How about a Holiday Letting complex that can offer a Free Standing House, with two offices, an excellent reputation for clean & affordable units, in the Tropical Paradise of Palm Cove?, then this, would be the only complex you would ever need to see. The second office is totally detached & would suit a seperate business or move the current reception to create a 4th bedroom, perfect for the larger family who needs room to move. The private yard with it’s very pleasant outdoor setting is perfect for the relaxed tropical living that can only be expreienced in the tropics!

I can go on & on, about just how good this complex is, after all we come north to buy this business ourselves, but missed out by a day! It would have suited my young family to the ground, we wound up buying it’s sister property in Port Douglas instead. We know it’s a very good managers residence, the business is in excellent shape & with a good solid return.

The Nitty Gritty!

Total Number of Units: 21
Letting Pool: 17, (4 x 2 bedroom units & 13 x 1 bedrooms)
Outside Agents: 2
Owner Occupiers: 1
Agreements: 25 Years, Commenced 1998
Body Corporate Salary: $34,500
Both offices are on Title
Value of Managers Residence: $695,000
Net Income: $170,000
Asking price for Business: $840,000
Total Ask: $1,475,000