Development Opportunity with Real Profit
Development Opportunity with Real Profit
Development Opportunity with Real Profit
Development Opportunity with Real Profit
Development Opportunity with Real Profit
Development Opportunity with Real Profit
Development Opportunity with Real Profit
Development Opportunity with Real Profit
Development Opportunity with Real Profit
Development Opportunity with Real Profit

Development Opportunity with Real Profit

$5,000,000Under Contract

Plaza Palms is a unique proposition which has been successfully operated under a social enterprise model for the last 4 years. The current operators have formulated a strong business plan to assist with letting and other income areas and are recognised as leaders in the social enterprise market place.

Key Features

  • Management rights business for 60 units in addition to a two bedroom manager’s apartment
  • Includes the freehold purchase of 18 associated lots (36 studio units) for which the accommodation forms a solid platform with current rent commitments from $255 ‐ $300 per week
  • Vacant lot – currently utilised as a car park which has DA for further development of an additional 20 x studio style units and plans in place until December 2018
  • Fully fitted out café under exclusive lease
  • Fully refurbished conference room with two separate meeting rooms under exclusive lease
  • Caretaking agreement for entire common property on a 9,169m2 block

Key Details

Listing Ref: MR004262
Property Type: Management Rights
Region: QLD - Cairns
Suburb: Manunda
Sale Type: Management Rights - All
Net Profit: $181,000
Price: $5,000,000

Listing Agent(s)

Agent Feedback

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

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