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29-33 Springfield Crescent,
Manoora 4870, Queensland

80 car spaces
7,714m² land size
84m² building size
Other

Price withheld

Property details

This is an Exceptional Management Rights Business Opportunity!

Proudly welcoming to Cairns' affluent property market is this exceptionally exciting Management Rights business opportunity.

Introducing: Whitfield Waters.

Bordering the elite districts of Whitfield and Edge Hill, this sensationally appointed complex comprises of 80, two-bedroom, two-bathroom apartments. This complex has been impeccably well-maintained. Presenting with immaculately kept grounds and an enviable resort-style swimming pool.

'Whitfield Waters' is nothing short of impressive…

On offer here is an exceptional opportunity, whether for an individual operator or a dynamic couple. With a letting pool of approx. 45 units and straightforward caretaking responsibilities, the groundwork has been expertly laid, and the property stands poised for its next discerning owner.

COMPLEX HIGHLIGHTS:
- Price Guide: Offers Over $599,000 considered
- 80x two-bedroom, two-bathroom apartments (84m2)
- Five gated buildings, three levels
- One very impressive resort style swimming pool
- Two BBQ areas
- Bathroom and shower facilities around the pool area
- A children's playground

MANAGERS UNIT:
- Price Guide: $310,000 Neg
- Ground floor, end unit
- 2 bedrooms, both complete with built-in wardrobes and air-conditioning
- Master inclusive of an ensuite bathroom with direct access to the large entertainers patio
- Open plan living, with a functional kitchen. Complete with dishwasher and ample bench & cupboard spaces
- Internal laundry
- 84m2 floorplan
- Airconditioned throughout
- Generous, private enclosed patio, accompanied by a beautiful outlook
- Exclusive use, fully fenced backyard
- Secure undercover single car garage on title

BOTTOM LINE:
- Body Corporate Levies: $5,174.48 approx. p/a
- Council Rates: $2,700 approx. p/a
- Attractive managers salary (available upon request)
- Currently returning over $200,000 net P.A
- Letting pool of approx. 45 apartments

This resort style complex located at the end of a quite no-through road, and is less than 10-minutes' (approx.) drive to Cairns' CBD.

Exciting business opportunities such as this seldom present themselves.

A full information memorandum available upon request. Make the move today and reap the benefits tomorrow!

Contact David Murphy or Natasha Whalley-Thompson for a full information memorandum.

Do not let this prospect slip between your fingers!

Explore the area

School catchments

  • Edge Hill State School Primary Prep-6 Government 0.77km
  • Whitfield State School Primary Prep-6 Government 0.92km
  • St Francis Xavier's School Primary Prep-6 Catholic 1.6km
  • Cairns West State School Primary Prep-6 Government 1.6km
  • Cairns School of Distance Education Combined Prep-12 Government 2.1km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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