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Current Property Listings SOLD

Outstanding Opportunity At Trinity Beach

  • Location: Trinity Beach
  • Net Profit: $340,000
  • Total Price: $2,100,000

The Property

This group of 7 contiguous buildings operates as one complex at an outstanding beachfront location at Cairns favourite beach, Trinity Beach.

There’s a total of 60 apartments in the complex with 46 in the letting pool with five different apartment types comprising one, two and three bedroom beachfront apartments and two bedroom ocean view and garden apartments.

Of the seven buildings, 5 are in the Accommodation Module with long term agreements and 2 are in the Standard Module undergoing topping up of the agreements to the maximum term of 10 years

The manager’s three bedroom apartment provides comfortable accommodation for a couple and is located adjacent to the large recently constructed office on the beachfront. This spacious new office is fitted out with new plant such as PABX, computers and printers, and being close to the Esplanade it is highly visible to the passing traffic bringing in strong walk-in enquiry.

There is substantial cash flow to this flourishing and proven business presently operated by a successful husband and wife management team with a groundsman and a high season receptionist. While major wholesalers, strong internet marketing and an excellent location provide consistent occupancy levels there still remains the opportunity for further growth.

Location

Trinity Beach, is 15 kilometres from Cairns International Airport and the busy Cairns central business district The properties enjoy a perfect location with two street frontages, the first being a large beach frontage to Vasey Esplanade and the second frontage to Moore Street.

The beaches of Trinity Beach and Palm Cove are regarded as Cairn’s major tourist playgrounds where visitors can access a wide variety of tourist activities including the Great Barrier Reef, Port Douglas, the Daintree Rainforest and the Atherton Tableland.

Features

  • Manager’s 3 bedroom ground floor beachfront apartment
  • New spacious office with new fit-out
  • Staffed for effective operation
  • Solid occupancies with room for growth
  • Comfortably operated by two person management team.

The Facts

Location:
Trinity Beach
Reference Number:
1135
Building Type:
Lifts & walk up
Agreement:
25 yrs & 10 yrs
Built:
1998
Commenced:
From Jan 1998
Total Apartments:
60
Salary:
$90,766
Letting Pool:
46
Manager’s Unit:
$460,000
Manager’s Unit:
3 bed, 1 bath
Net Profit:
$340,000
Office:
Exclusive Use
Total Price:
$2,100,000


Contact Us About This Property

If you would like to discuss this property with us, or if you require more information, please contact us online, or by ringing Bruce Bennetts on 0418 773 547 or 07 4033 7885.


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