Strong Business With High Return On Investment
Strong Business With High Return On Investment
Strong Business With High Return On Investment
Strong Business With High Return On Investment
Strong Business With High Return On Investment
Strong Business With High Return On Investment
Strong Business With High Return On Investment

Strong Business With High Return On Investment

$1,698,000

Strong Corporate/Government Mix - Tropic Towers is a robust business with high return on investment (18% + including the unit). In a convenient location and a strong corporate/holiday mix, this will be a sort after property. Tropic Towers is a property that offers varying benefits to you as a purchaser. The body corporate salary is $104, 291, income is generated from a pooled letting with pooled expenses - this is an easier / simpler administration process. All apartments are styled in matching apparel and the property has an ongoing refurbishment fund for the holiday letting pool.

Key Features

  • Strong BC Salary $104,291 + GST
  • Advertising and refurbishment fund / pooled income and expenses
  • 40 apartments are furnished similar
  • Repeat business corporate clients and holiday guests
  • Consistent well maintained business and property
  • Strong government support

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004717
Property Type: Management Rights
Region: QLD - Cairns
Suburb: Cairns
Sale Type: Management Rights - All
Net Profit: $313,000
Price: $1,698,000

Location

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

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

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