Cairns City, Queensland

PREMIUM ASSET - ESPLANADE/WATERFRONT VIEWS | Resort Brokers ID : MR006831

$1,595,000

Property Description

Who wants to live on the Cairns Esplanade???.....YOU! On offer is this premium Management Rights business with a very healthy net profit and return on investment. Such is its location and desirability that it was hardly affected during the Covid interuptions of 2020 given its attraction to both the corporate and tourist markets alike. With all units offering Esplanade views and a short commute to the CBD, this is a business that will continue to flourish. A terrific buying opportunity awaits!



  • Consistent year on year growth

  • Spacious living accommodation

  • Long agreements

  • Esplanade location

  • Optimal location and close to hospital

  • Opportunity for further growth

  • Property inspections are by appointment only

Date updated: 24 Sep 2021 23:00:08

Property Summary

Business Snapshot

Price: $1,595,000 Net Profit: $300,202 Remuneration / Body Corp Salary: $75,276

Managers Unit

Value of Managers Apartment: $1,245,000Bedrooms: 2Bathrooms: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 22Total Units in Letting Pool: 19Holiday Units: 19Owner Occupy Units: 2Outside Agent Units: 1Agreement Term Remaining: 20 years
Marketing Agent
Shane Croghan
Shane Croghan

Listing location
Gallery

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