CLIFTON BEACH QLD 4879
$785,000

DESCRIPTION

This easy to manage permanent complex with a modern, spacious 3 bedroom, 2 bathroom, fully airconditioned Managers Residence is the ideal business to mix with a sunny North Queensland lifestyle.

The complex consists of 44 (plus Managers Apartment) fresh, modern 3 bedroom, 2 bathroom apartments for permanent rentals. Occupancy is consistently 100% with the pet-friendly complex just a short drive to Clifton Beach, shops, schools and the James Cook University.

The business comfortably nets over $100,000 per annum, with no set hours of operation. The Body Corporate also contribute to the maintenance of the grounds, and are very accommodating with the onsite managers.
A bus stop is only 100 metres from the front gate of this secure residential apartment complex.
Unit Price: $360,000
Business: $425,000
Multiplier: 4.2
TOTAL SALE PRICE: $785,000