Cairns, Queensland

$2,550,000

Property Description

Award Winning CBD Hotel

This stylish Boutique Apartment Hotel is located in the very heart of Cairns. It is a recent winner of the Trip Advisor Certificate of Excellence Awards and is 4 star rated.
With its distinctive elegant Latin design and luxury 1 bedroom suites it is easy to see why it was acclaimed as "Best Serviced Apartments - Regional QLD". Catering for both the tourist and corporate markets this property enjoys a strong direct clientele.
The property occupies a top location and is a solid performing business in the city heart. The continuing demand for quality inner city serviced apartment makes this boutique hotel business well worth serious consideration and considerable further room for growth remains.

Property Summary

Business Snapshot

Price: $2,550,000Net Profit: $473,410 Remuneration: $69,720

Managers Unit

Value of Managers Apartment: $500,000Bedrooms: 2Car Spaces: 1Office: On TitlePets OK: No
Unit well sized. Balcony.

Complex Information

Star Rating: 4Total Letting Pool: 30Agreement Module: AccommodationAgreement Term: 15 years

Marketing Agent


Marketing Agency

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey
Calvin Bailey Management Rights

Phone

Listing Tools

Property Map

Map Location ( get directions )

Cairns, Queensland 4870 Exact map location not provided

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