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Own a Slice of Paradise
$1,450,000
Permanent management rights, Manoora QLD
An outstanding lifestyle and business opportunity awaits with the management rights for a well-maintained and highly regarded residential complex located in the leafy suburb of Whitfield / Manoora, one of Cairns most sought-after residential areas.
This property offers a rare chance to secure a stable, easy-to-manage management rights business combined with an enviable tropical lifestyle in Far North Queensland. Positioned just minutes from the Cairns CBD, Cairns Airport, and the popular Edge Hill cafe and restaurant precinct, the complex is perfectly situated for both residents and managers seeking convenience and lifestyle.
The complex comprises a mix of spacious, modern apartments surrounded by lush tropical gardens and resort-style amenities that residents love. Features include a sparkling swimming pool, BBQ and entertaining areas, secure parking, and beautifully maintained common grounds that create a peaceful and welcoming environment.
The management rights present a solid business with consistent income and straightforward operational requirements. With a well-established letting pool and supportive body corporate, the role offers manageable duties suited to either experienced operators or those new to the industry seeking a rewarding lifestyle business.
The managers residence is comfortable and well positioned within the complex, providing privacy while allowing convenient oversight of daily operations. The residence offers good living spaces, a private outside space, and is ideal for an onsite manager couple or individual.
This area itself is widely regarded as one of Cairns premier residential suburbs, known for its tree-lined streets, proximity to walking trails on Mount Whitfield, and close access to quality schools, shopping, and dining. Residents enjoy the relaxed atmosphere while still being only a short drive from the Cairns Esplanade, hospital, and major transport links.
This is an excellent opportunity to acquire a secure management rights business in a tightly held location with strong long-term appeal. Whether you are looking to step into the management rights industry or expand an existing portfolio, this property offers an attractive combination of income, lifestyle, and location.
Opportunities like this, in this area, are rarely available. Here are your reasons to buy:
Net Profit: $224,000 (including Body Corporate salary of $145,358 ex GST)
80 Apartments in the complex
36 Units in the Letting Pool with potential for growth
23 Owner Occupiers creating a stable residential community
20 Years Remaining on Agreements excellent long-term security
No Fixed Office Hours flexible lifestyle operation
No Office to Purchase reduced entry cost
Managers Residence: 2 bed, 2 bath apartment well priced at $485,000
The business is offered at $965,000, representing an impressive 21% ROI with a multiplier of just 4.3x. Total investment including the managers residence is $1,450,000.
This offering presents an outstanding opportunity to secure a high-return management rights business with long agreements, manageable duties, and excellent lifestyle flexibility in the popular Cairns market.
Enquire today to learn more about this exceptional management rights business and begin your next chapter in beautiful tropical Cairns. Call Calvin today to arrange an inspection, 0414 889 593
More Information
- Total Purchase Price: $1,450,000
- Net Income: $ 224,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 485,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.3
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?