Your Partner in Success
Your Partner in Success
Investor confidence in North Queensland is High.
Investor confidence in North Queensland is High.
More Resort for your Dollar
More Resort for your Dollar
Great Business Opportunity - 2.6 multiplier 20%+ ROI
Property ID: 

C0366

Location: 
Cairns
Asking Price: 
$995,000
Letting Type: 
Holiday
Building Type: 
Walk-up
Net Profit: 
$188,951

Budget friendly well managed stable business with attractive easily maintained grounds.
Great flexibility of room type. The fifteen apartments in the letting pool are dual key, providing 30 keys.
Good wholesaler networks in place and high volume of longer term Corporate clients.
Located on the Bruce Highway, this excellent, well built property was opened in the 1990s and comprises 3 buildings, a salt water pool, tennis court, secure parking, also complemented by shady gazebo and BBQ area.
The business provides all the best features of the industry and astute operators will wish to view.
Manager is approved to reside offsite and if buyer elects to do so and rent the 2 units, this would then provide considerable additional income over and above the net profit shown.
Manager pet okay.
Motivated Vendors of seventeen years, are ready to retire.
Opportunities abound in this property which is currently showing 20% plus return on overall Investment and a low market business multiplier of 2.6 x the net profit.

Contact Calvin today for further information and to arrange your inspection.