27-29 Wharf Street, Cairns City, Queensland

$1,950,000

Property Description

JACK & NEWELL HOLIDAY APARTMENTS

CBRE Hotels is pleased to present Jack & Newell, an independent and certified four-star property in a premier location of Cairns, CBD. Rich in Cairns history, the building still retains parts of a bygone era. With spectacular views of the Coral Sea
and Trinity Inlet, this is what sets Jack & Newell apart from other accommodation providers and is augmented even further by a high return. This is an opportunity not to be missed.

Key Investment Highlights:
• Modern and sophisticated feel
• High year-round occupancy and return to owners
• Specialized service achievable for the letting pool - 15 apartments
• Two and three-bedroom accommodation options
• Central CBD location

Business: $1,440,000
Unit: $450,000

Property Summary

Business Snapshot

Price: $1,950,000 Net Profit: $346,255 Remuneration / Body Corp Salary: $84,511

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets OK: No

Complex Information

Complex Type: HolidayTotal Units in Complex: 45Total Units in Letting Pool: 15Holiday Units: 15Owner Occupy Units: 29Outside Agent Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 20 years

Marketing Agent


Marketing Agency

CBRE Hotels

Shane Mullins
CBRE Hotels

Phone

Listing Tools

Property Map

Map Location ( get directions )

27-29 Wharf Street, Cairns City, Queensland 4870

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