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Current Property Listings
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Cairns CBD Fringe
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Fabulous Profit Earner
- Location: Cairns CBD Fringe
- Net Profit: $316,000
- Total Price: $1,620,000
The Property
Money, money, money is the keynote to this high profit earning complex.
Fully re-built, the complex occupies a superior main road location providing a steady walk in trade to supplement the large established clientele.
The complex comprises 20 lots of various configurations creating 33 keyed lettable with a capacity to house 111 guests. The units are made up of 10 x 2 bedroom apartments, 2 x 1 bedroom apartments and 21 motel style suites. Maintained to a consistently high standard of cleanliness and presentation, every apartment rated 4 star and every motel suite rated 3½ star have been newly furnished with appealing soft furnishings, king size beds and sparkling fresh bathrooms.
  
The manager’s freehold has a current valuation and comprises a 2 bedroom apartment with private enclosed and secure courtyard (pets welcome) plus an adjoining motel suite and front and back offices fully operational with plant and equipment. The business operates under long term leases with all lot owners negating the need to live onsite. operate a trust account or hold a Resident Letting Agent’s licence.
  
We have produced an extensive summary of the property explaining in full detail the operation of the business which includes an impeccably accurate Profit and Loss Statement which includes expenses for a receptionist and groundsman’s salaries.
An exceptional opportunity!
Location
The complex is located on Cairns major north bound thoroughfare half way between the CBD and Cairns International Airport referred to by some as the Tourist Strip. The property’s wide frontage and bold signage takes every advantage of the excellent exposure it has to the high volume traffic flow.
The convenient access to the local shops and restaurants is a distinct attraction while the closeness of the CBD being only a few blocks away is a major advantage.
Features
- Manager’s 2 bedroom apartment and Motel Suite
- Coaster bus included in the sale
- 4 and 3½ star rating
- Excellent bonuses under leasehold.
The Facts
Location:
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Cairns CBD Fringe
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Reference Number:
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1165
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Building Type:
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2 Level Walk-Up
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Agreement:
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20 years
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Re-Built:
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2005
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Commenced:
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2004
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Total Apartments:
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33
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Salary:
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$31,318
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Letting Pool:
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33
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Manager’s Unit:
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$345,000
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Manager’s Unit:
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2 bed + motel suite
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Net Profit:
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$316,000
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Office:
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On title
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Total Price:
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$1,620,000
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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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