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Description: NEXT International Realty is proud to present an exclusive opportunity to acquire the management rights of a rare commercial permanent management rights business in Cairns City, indeed it is a unique opportunity for astute investors seeking stability, growth, and long-term returns.
Cairns Night Markets is a proven performer and provides a long history of consistency in net profit to the owners. The complex consists of 131 strata titled lots (117 in the Night Markets and 13 in the Food Court) The markets are visited by 2.7 million people annually, providing an extremely high level of exposure for all shops within.
Investment Snapshot
Real Estate Price: $450,000 (Commercial Office with two carparks)
Business Price: $1,900,000
Total Investment: $2,350,000
Annual Income: $408,631
Key Features
- Well-established commercial administration MR business in Carins City Centre, Northern QLD
- The First time on the market after 17 years - Current owners have been in place for the last 16 years testament to the profitability and longevity of the business.
- Huge Net Income $408,631 in the Profit and Loss Statement with great upside potential
- Fantastic Body Corporate salary of $117,931, with annual increase by CPI, The agreement clearly states that the duties are administrative only, meaning no cleaning, no garden maintenance, no pool or barbecue cleaning, check-ins and all those other duties associated with residential management rights
- 21 years long term agreements on a 25 years BCCM Module
- Healthy Body Corporate relationship in place, passive committee
- There is no residence to buy and no requirement to live on site
- There are no set office hours, 4 hours per day in or about the property
If you want to buy a well-established operation with strong financials management right business, it ticks all your boxes, please book your inspection immediately with Exclusive Agent - NEXT Realty
Inspection by appointment only
Contact David Jiang today to learn more or arrange an inspection.
(NEXT International Realty Specialists in Management Rights | Motels | Hotels | Resort)
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