Key Investment Insights
1. Located in the heart of Cairns with two major street frontages, operating as the Cairns Night Markets, highly visible Esplanade location.
2. Extremely high foot traffic, reported at 2.7 million visitors per year.
3. Large complex scale, 131 shops including 21 food outlets with seating for 200, diverse entertainment and strong visitor appeal.
4. Income derived from management and marketing fees paid by owner-occupiers and tenants, creating recurring revenue streams.
5. Business structured similarly to Management Rights but with fewer restrictions, suggesting familiar framework with greater flexibility.
6. Manager’s office is on title, valued at $310,000, plus two exclusive-use carparks and on-site storage, adding tangible asset value.
7. Excellent security of tenure, Perpetual Term on Body Corporate agreements and a 20-year agreement module with 20 years remaining.
8. Remarkably stable commercial performance, low vacancy rates and minimum lease terms of 12 months contributing to income stability.
9. Strong financials on offer, asking price $2,210,000, net profit $456,848, manager remuneration/body corp salary $120,910 with annual CPI review.
10. Operable by a single person with minimal hands-on duties, admin-only role, no check-ins, no gardening, no set office hours, indicating low labour intensity.
11. Upside available by taking back cleaning and security functions from the Body Corporate, potentially adding approximately $100,000 to net profit.
12. Consistent growth and reliable cashflow highlighted, positioning the business as a compelling ROI opportunity for investors seeking tourism-oriented retail assets.
Management Rights Multiplier: 4.16
ROI Estimate: 20.67%
