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.
NB: Property inspections are by appointment only
|Property Type:||Management Rights|
|Region:||QLD - Cairns|
|Sale Type:||Management Rights - All|
I have known Shane for some time and ended up choosing him as an exclusive agent among the many available in Cairns because of his high ethical standards, knowledge of the industry and accurate vetting of potential buyers. He listens well to ideas presented but is not afraid to voice his own opinion, which was always backed up with sound statistics and market knowledge, proving valuable in guiding the process to the best outcome. I would not hesitate to recommend him noting that he was also recommended to me by an outgoing manager who sold his business through Shane.
- Andrew Marflett
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
Lyndoch Motor Inn