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.
Business SnapshotPrice: $2,550,000Net Profit: $473,410 Remuneration: $69,720
Managers UnitValue of Managers Apartment: $500,000Bedrooms: 2Car Spaces: 1Office: On TitlePets OK: No
Unit well sized. Balcony.
Complex InformationStar Rating: 4Total Letting Pool: 30Agreement Module: AccommodationAgreement Term: 15 years