EXPRESSIONS OF INTEREST - CIRCA $5.0M RANGE.
Expressions of Interest - Circa $5.0m range. It is a privilege to bring to the market a Management Rights business of this calibre. The property will provide an exceptional opportunity for suitably experienced operators/groups to acquire one of the top properties in the area. Conditions apply.
This 4.5 star modern apartment hotel is substantially sized and is located in a top CBD location. Excellent, recently upgraded apartments and suites and top guest facilities.
Tourism and corporate sectors in Cairns are now strong with growth of around 7% p.a. Return of Investment for this property is 20%. Confidentiality Conditions Apply.
Business SnapshotPrice: Net Profit: $954,000