107 The Esplanade, Cairns City, Queensland

Exceptional Holiday Letting Business Showing 29%

$450,000

Property Description

Off Market Hotels are excited to present exclusively the Cairns Aquarius Holiday Apartments for market. On offer is the holiday rental business consisting of 20 two bedroom, two bathroom apartments, with stunning ocean views. The business has been operating for nearly 30 years. With full access to the building, reception and all facilities, this business presents as a great add-on to an existing building or like the current vendors have done for the last 5 years, live off-site an operate on a daily basis. This business has been set-up for limited guest contact, contract cleaners and approximately two hours hands on per day. The location is prominent on the Cairns Esplanade foreshore offering guests an inner city location, with waterfront apartments and spectacular ocean views.
The current vendors have operated this successful business for the last 5 years and have decided to sell. This is not a management rights sale, rather equivalent to a holiday rent roll. The profit is derived from letting out the apartments within an apartment building. The Business is advertised through all the familiar channels, with a huge presence on-line. The website, domain names and other important components of the business are included in the sale.

ADD-ON BUSINESS - the real opportunity for an existing operator within the Cairns CBD (fringe) is to own and operate the business from an already existing property or real-estate agency. Adding another 18 apartments to a letting pool on the Cairns Esplanade, without the added cost of purchasing a manager's unit.

This is a unique opportunity!

Property features include;
2 resort-style pools
Spa, sauna and outdoor showers
Half-sized tennis court
BBQ and all-weather entertaining area
Secure building access
Wheelchair accessible
Free Wi-Fi internet
Landscaped, tropical gardens

Highlights
18 x 2 bedroom 2 bathroom Apartments
Prominent Cairns CBD Location
All Apartments have stunning views of the Coral Sea
Business has been operating for over 30 years
Minimal Hours required to operate
Website, domain names and other important components included in the sale
Hand-over period for incoming buyer for continued support
No Caretaking of property required
Reception hours for Aquarius 8 4pm daily
The perfect add-on business
No requirements to live on-site

Property Summary

Managers Unit

Complex Information

Complex Type: n/a
Marketing Agent
Shane Mullins
Shane Mullins

Shane Mullins
Shane Mullins

Listing location
Gallery

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