Cairns, Queensland

Waterfront Terraces Cairns

$1,595,000

Property Description

Off Market hotels are pleased to present Waterfront Terraces Cairns Esplanade. Waterfront Terraces presents as a worthy contender with location, high occupancy and liveability as the main assets. Occupancy averages at over 75% all year round, with strong corporate and domestic guests. The opening of borders allows for an astute operator to capitalise on a new wave of guests and holiday makers. Net income is over $300,000 and with unit available for $350,000, this represents a 25%+ ROI for business.

The Esplanade Cairns allows for guests to have access to stunning views and a desired location whilst on holidays.

The property is easily managed with the ability for an operator to live off-site. The two bedroom managers residence is well appointed and very private. The property has manicured gardens and grassed areas, in-ground swimming pool, under cover off street parking, wi-fi, solar and security gates and cameras.

INVESMENT HIGHLIGHTS:

Nett profit over $300,000
Two-Bedroom managers residence, well appointed $350,000
Multiplier times
Secured property with all the trimmings
Prominent location over-looking Cairns Inlet and Esplanade
BC Salary $75,276
Long agreements 19 years
No set office hours with office on title

Property Summary

Managers Unit

Value of Managers Apartment: $350,000Bedrooms: 2Car Spaces: 2
The two bedroom managers residence is well appointed and very private.

Complex Information

Complex Type: HolidayTotal Units in Complex: 22Pool: YesBBQ Area: YesWIFI: Yes
Marketing Agent
Shane Mullins
Shane Mullins

Listing location
Gallery

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