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Rarely does an Investment Opportunity of this kind surface on the market providing the astute Investor a net 8% net return plus depreciation and capital gain.
Palm Cove:
Palm Cove is renowned as North Queensland Premier Tourist & Investment locality. Located just 25 minutes from Cairns Airport and 35 minutes to Port Douglas. Palm Cove seaside village atmosphere is extremely popular on an International and National scale and is also renowned for Palm Coves fantastic International standard dining venues.
Background & Reason for Sale:
Kingfisher Corporation has been trading for the past three years as Palm Cove Serviced Apartments. Mango Lagoon Apartments and BookAccom and during that period have established high occupancy levels on average around 80% p.a.
Kingfisher Corporation Pty Ltd is forced to liquidate the last 2 remaining units within their ownership due to a business partnership split. Due to this situation, an exceptional opportunity exists for an astute investor that is in a financial position to snap up the opportunity on offer.
In keeping with Kingfisher’s ongoing business operations, a formal 12mth x 12mth Lease can be put in place for the benefit of the Purchaser providing a net 8% return.
Summary of Opportunity:
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Luxury appointed fully furnished 2 Bedroom Apartment |
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Currently generating high returns as a Serviced Apartment through Dynamo Realty & BookAccomOnline |
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12 mth x 12mth Lease in place |
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Net Income $31,840 p.a. |
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Rental $7,960 paid quarterly in advance |
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Power Paid by Tenant |
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Tenant to pay …$5,000 towards Body Corporate Fees & Rates etc ($1,250 paid quarterly in advance) Rates aprox: $1,600 p.a, Body Corporate Fees aprox: $3,400 p.a. |
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Liberal personal use by owner permitted. (Naturally Weekly rental is not paid that week or part thereof when used by owner.) All you pay is Linen $35 and DepartClean $125 | | 
