Exceptional commercial complex trading in Cairns. Interesting and diverse entertainment for all and a must do when in Cairns for visitors. Extremely high foot traffic 2.5 million per year. Perfect location with a variety of 131 lots including 14 Food Court lots.
All market lots have been in the management letting pool for 20 years. The complex is essentially structured as Management Rights but with fewer restrictions.
Excellent security of tenure with a rare Perpetual Term on the Body Corporate Agreements. Manager also is a committee member of the Body Corporate. Remarkably stable business with very low vacancy rates and lease terms of 12 months minimum. Great business showing excellent and consistent growth. Top salary. Office on title. Can be operated by 2 people with ease. No check-ins, no gardening, no set office hours.
For detailed information on this property please contact Exclusive Agent Calvin Bailey.
Business SnapshotPrice: $2,900,000Net Profit: $350,000 Remuneration: $62,181
Managers UnitValue of Managers Apartment: $500,000Car Spaces: 1Office: On TitlePets OK: No
Unit size 34m2