Net profit $224,000, including a body corporate salary of $145,358 ex GST, indicating strong cash flow for owners.
Business offered at $965,000 equating to a 23% ROI and a 4.3x multiplier, total investment including manager’s residence $1,450,000.
Long-term security with a 25-year agreement module and 20 years remaining on agreements.
Manager’s residence is a 2 bed, 2 bath apartment with private outdoor space and one car space, valued at $485,000 and included in the total price.
Complex size of 80 apartments provides scale and diversification of income streams.
Letting pool of 36 units with clear potential for growth, alongside 21 outside agent units to target for conversion.
Stable residential community with 23 owner-occupiers reducing turnover and guest-only reliance.
Low operational complexity, manageable duties, no fixed office hours and no office to purchase, supporting a lifestyle-oriented operation.
Supportive body corporate with CPI annual review of the body corporate salary, providing predictable remuneration adjustments.
Resort-style amenities including a swimming pool, BBQ and entertaining areas, secure parking, and well-maintained tropical gardens, enhancing resident appeal and lettability.
Prime location near the border of Edge Hill and Whitfield in Cairns, minutes to Cairns CBD, Cairns Airport, Edge Hill cafes, Mount Whitfield walking trails, schools, hospital and the Esplanade, strengthening long-term demand.
Rarely available, tightly held location in Cairns market, presenting a strong acquisition opportunity for entry or portfolio expansion.

Management Rights Multiplier: 4.31
ROI Estimate: 23.21%

Overall, this offering presents buyers with a compelling combination of strong financial performance, long agreement security, manageable workload, lifestyle flexibility, and attractive return, making it a highly appealing management rights opportunity in the Cairns market.