Large Permanent With Holiday Mix
Large Permanent With Holiday Mix
Large Permanent With Holiday Mix
Large Permanent With Holiday Mix
Large Permanent With Holiday Mix
Large Permanent With Holiday Mix
Large Permanent With Holiday Mix
Large Permanent With Holiday Mix
Large Permanent With Holiday Mix

Large Permanent With Holiday Mix

$2,300,000

The Edge Apartments offers an assertive operator four main income streams - BC Salary ($120,000 for caretaking), letting (permanent - 44), letting (holiday/short-term - 15) & letting out the manager's apartment (income circa $40,000+). The opportunity with 95 apartments is to grow the short-term business whilst tourism is showing huge growth. There are already new opportunities in place over the next couple of months. Currently the property is operated by a sole vendor, with the necessary staffing in place to help with a smooth and successful transition. The vendor has focussed on the profitability through the holiday component to this business driving year on year growth.

Key Features

  • Cairns city fringe
  • Accommodation agreements  - 18 years
  • Modern 3 bedroom living opportunity for on-site manager
  • Strong nett profit
  • Opportunity to increase profitability

 NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004671
Property Type: Management Rights
Region: QLD - Cairns
Suburb: Cairns
Sale Type: Management Rights - All
Net Profit: $427,000
Price: $2,300,000

Listing Agent(s)

Agent Feedback

Shane Mullins made us completely proud with his efficiency and diligence in the sale of our property City Park Gardens. His process working towards the list price was always the primary focus and he achieved great results. We look forward to buying our next property through Resort Brokers! Shane Mullins made us completely proud with his efficiency and diligence in the sale of our property City Park Gardens. His process working towards the list price was always the primary focus and he achieved great results. We look forward to buying our next property through Resort Brokers!

- Shane & Sandra Croghan
Previous Owners,
City Park Gardens

The sale of this property was a particularly lengthy affair, during this time Shane always remained positive & focused towards the end result. His encouragement ensured we also remained positive throughout the entire process. If we intend to buy or sell again we would not hesitate to engage Shane to act on our behalf.

- Brenda Krop COOKTOWN HOTEL

We would like to say a huge thanks to Shane Mullins for his professionalism and effort to finalise the deal for our leasehold purchase. It was a pretty special set of circumstance for our purchase, and we wouldn’t have got past the first base, let alone completed without your involvement. We very much look forward to building the business into a very healthy going concern for you to take back to the market in the next 12-24 months!

- Max Nulley
Purchasers,
Lyndoch Motor Inn