Management Rights for sale

City Waters is a large permanent complex located on the main arterial access road into Cairns. This amazing property creates its own universe, with all the condiments of 5 star facilities - two large resort pools, BBQ gazebo areas, toilets and showers, recreational areas, gym and tennis court, complimented with secure parking.

The offering of 158 apartments - 2bed/2bathroom apartments (87) and sky villas (71) as a mixture of furnished and unfurnished options. There are over 100 units in the letting pool – 103 as of 25th January 2010.

A recent time in motion study has added another $50,000 to the current body corporate salary. $164,000+ reasons for giving us a call.

• 158 apartments - 103 in the letting pool
• Over 40 units to still attract into the business
• BC salary over $164,000 plus GST, with cpi increases yearly
• Large 2 bedroom + study manager's apartment, with approval to extensions on the back patio, comes fully furnished
• Secured gated community, security cameras,
• Resort facilities - 2 pools, gym, BBQ gazebos
• Elected office hours
• Strong rents, long agreements (24 years), well presented property and business

Adjusted net profit:  $290,000