Key Investment Insights
AI generated. Confirm details with the seller.
1. Established Cairns Night Markets business with reported net profit of $456,848 and $120,910 remuneration excluding GST.
2. Prime Esplanade location in Cairns with two major street frontages and approximately 2.7 million annual visitors.
3. The complex comprises 131 shops, including 21 food outlets with seating for 200 people.
4. Management income is generated through fees paid by both owner occupiers and tenants.
5. Perpetual Body Corporate Agreements provide strong tenure security, with minimum 12 month shop leases.
6. Operations involve administration duties only and can be managed comfortably by one person.
7. No check ins, gardening or set office hours are required under the current operating model.
8. Manager’s office on title includes two exclusive use carparks and onsite storage, valued at $310,000.
9. Low shop vacancy rates and consistent growth support the business’s reported stability.
10. Cleaning and security could be brought in house, potentially adding approximately $100,000 to net profit.
Management Rights Multiplier: 4.16
ROI Estimate: 20.67%