Cairns City, Queensland

Lease-Back Management Rights Opposite Cairns Central - priced to sell! | Resort Brokers ID : MR009271

$1,250,000

Business Description

Mid City Luxury Suites delivers a rare lease-back management rights opportunity in the heart of Cairns CBD, directly opposite Cairns Central Shopping Centre. With 18 apartments currently in the letting pool and net profit of $250,077, this streamlined operation offers genuine flexibility with no requirement to live onsite.

The business generates strong returns exceeding 20%, supported by consistent corporate and leisure demand, excellent guest ratings across major booking platforms, and a prime location metres from the Esplanade and Cairns Convention Centre.

Body corporate remuneration of $45,451 per annum provides reliable additional income, with CPI-linked increases and long-term agreements ensuring operational security.

The lease-back structure removes the complexity of managing individual owner relationships, making this particularly suited to working couples or operators seeking straightforward CBD accommodation management. The two-bedroom manager's residence includes office on title and multiple storage rooms, while the immediate opportunity to add this unit to the letting pool creates a clear pathway to enhanced profitability.

Established systems, contractor support for pool maintenance, and readily available casual cleaning staff ensure manageable day-to-day operations in this well-positioned Cairns accommodation business.

- Lease-back management rights model delivering motel-style operational control with 18 apartments in the letting pool.
- Prime Cairns CBD position opposite Cairns Central with corporate, leisure and tourism demand drivers.
- Net profit of $250,077 with return on investment exceeding 20%.
- Immediate profit uplift available by adding the manager's unit to the letting pool.
- No requirement to live onsite with flexible operational arrangements.
- Long-term agreement security with CPI-linked salary increases and positive body corporate relationship.
- Streamlined operations with established systems, contractor support and readily available casual staff.
- Strong online reputation across major booking platforms with ratings from 8.2 to 8.8 out of 10.
- Inspection by appointment only.
Date updated: 06 Oct 2026 23:00:05

Business Summary