Solid Performing CBD Beauty
Property ID:
web9
Property Details
| Authority | open | | Building Type | Low Rise | | Garages | 38 | | Features | Lifts to all levels, Undercover secure parking, Tour desk, After hours luggage storage, Swimming pool, Spa, BBQ area, Guest lounge, Rooftop garden, In-room Austar, In-room internet broadband and wireless, Internet cafe terminal | | Pets Allowed? | No | | Reference | 1305 |
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Management Rights Information
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$1.800.000,-
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$326,000
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Actual
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$56,603.00
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38
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31
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5
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2
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0
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25
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17
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14
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Managers Unit Features
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Yes
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No
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$375,000.00
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Yes
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2
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1
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1
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108 sq/m, 16sq/m car park, 28 sq/m office
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Property Description
A property with very strong and reliable corporate clientele and being located close to the Cairns Convention centre makes this complex one of the best and solid performing management rights on the market in the Cairns CBD. The complex comprises 38 luxury one bedroom apartment suites of which 31 are in the managers letting pool.
The vendor has the property market priced, with an impressive $326,000 net profit up to June 2009 and an occupancy rate of 63% which means there is plenty of room for improvement.
The apartments are located on each side of a central atrium commencing from a landscaped gardenon the first level, which traverses up through each level creating a spacious void with plenty of natural light and airflow.
All the apartments are very well appointed and conistently maintained to a very high standard, earning the property a well deserved 4 star rating.
Each apartment has its own private balcony with views over the pool or with views over the city and beyond to the mountain ranges encircling this picturesque and vibrant tropical city.
The managers apartment is a delightful two bedroom apartment. It comprises a master and second bedroom with built-in robes and direct control air-conditioning.
The living and dining rooms are spacious and comfortable with large sliding doors opening on to a private tiled balcony.
Perfectly located in the Cairns CBD, this complex offers the convenience of being only a stone’s throw from Cairns Central Shopping complex and the delightful Cairns Esplanade with its fabulous new pool and parklands.
At night the city comes alive with outdoor eating and fine dining at restaurants, bars and nite clubs. There’s a wide choice of shopping venues and entertainment ranging from theatres, night clubs, the Cairns Casino and the Convention Centre, home to the Cairns Taipans National Basketball Team
Interesting Note
Just short of cash to acquire this dream management rights property? Cairns Port Douglas Resort Sales has the contacts and relationships with potential investors who are interested in becoming a silent partner.
Agent Details