259 Sheridan Street,
Cairns North, QLD 4870
Hotel, Motel & Leisure • Other
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$480,001
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Map of 259 Sheridan Street
HIGH YIELDING NORTH QUEENSLAND MANAGEMENT RIGHTS
Offering a relaxed, low maintenance and flexible management rights, 'The Ray Murphy Team' is proud to welcome to the affluent Cairn's market the Cairns Holiday Lodge. Situated on the cities edge with extremely high vehicle exposure, the property offers guests affordable and convenient accommodation in what is a prosperous tourism economy.
BUSINESS BREAKDOWN:
- 18 units in letting pool
- Well maintained gardens, resort style pool and covered BBQ area
- Short stroll to Cairns CBD & Esplanade
- 4km from Cairns Domestic & International Airport
- Happy and supportive owners and committee
- Office on title, NO SET OFFICE HOURS
- 18 years remaining on management agreement with option to increase
- Opportunity for growth/increase income by adding to the letting pool
MANAGERS RESIDENCE
- 1 bedroom
- 1 bathroom plus additional separate toilet
- Large private and covered patio wrapping around unit
- Upstairs balcony
- Storage shed
- Reception adjoining residence
THE BOTTOM LINE
________________________
Managers salary: $67,208.85
Net Profit: $150,000 approx.
Asking Price: $525,000 (including managers residence)
The opportunity to secure this relaxed lifestyle and secure income won't last long. Make your escape to the North a reality, contact The Ray Murphy Team today!
BUSINESS BREAKDOWN:
- 18 units in letting pool
- Well maintained gardens, resort style pool and covered BBQ area
- Short stroll to Cairns CBD & Esplanade
- 4km from Cairns Domestic & International Airport
- Happy and supportive owners and committee
- Office on title, NO SET OFFICE HOURS
- 18 years remaining on management agreement with option to increase
- Opportunity for growth/increase income by adding to the letting pool
MANAGERS RESIDENCE
- 1 bedroom
- 1 bathroom plus additional separate toilet
- Large private and covered patio wrapping around unit
- Upstairs balcony
- Storage shed
- Reception adjoining residence
THE BOTTOM LINE
________________________
Managers salary: $67,208.85
Net Profit: $150,000 approx.
Asking Price: $525,000 (including managers residence)
The opportunity to secure this relaxed lifestyle and secure income won't last long. Make your escape to the North a reality, contact The Ray Murphy Team today!
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Property ID: 504170895Last Updated: 13 Dec 2023
07 4044 48...
259 Sheridan Street
Cairns North, QLD 4870
Ray White - Cairns, Cairns Beaches & Palm Cove37 Grafton Street
CAIRNS CITY, QLD 4870
CAIRNS CITY, QLD 4870
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