Waterfront Apartments

233 Esplanade Cairns Queensland

Management Rights For Sale
  • $$1,595,000 (including unit $350,000)

Description

25% ROI Including Unit

Off Market hotels are pleased to present Waterfront Terraces Cairns Esplanade. Waterfront Terraces presents as a worthy contender with location, high occupancy and liveability as the main assets. Occupancy averages at over 75% all year round, with strong corporate and domestic guests. The opening of borders allows for an astute operator to capitalise on a new wave of guests and holiday makers. Net income is over $300,000 and with unit available for $350,000, this represents a 25%+ ROI for business.

The Esplanade Cairns allows for guests to have access to stunning views and a desired location whilst on holidays.

The property is easily managed with the ability for an operator to live off-site. The two bedroom managers residence is well appointed and very private. The property has manicured gardens and grassed areas, in-ground swimming pool, under cover off street parking, wi-fi, solar and security gates and cameras.

For all enquiries, please call Shane Mullins 0447 185 001.

 

INVESMENT HIGHLIGHTS:

  • Nett profit over $300,000
  • Two-Bedroom managers residence, well appointed $350,000
  • Multiplier times
  • Secured property with all the trimmings
  • Prominent location over-looking Cairns Inlet and Esplanade
  • BC Salary $75,276
  • Long agreements 19 years
  • No set office hours with office on title

Details

Price:$$1,595,000 (including unit $350,000)
Address:233 Esplanade
City:Cairns
State:Queensland
Zip Code:4870

Contact Us About This Listing

Shane Mullins photo
Shane Mullins

State Sales Manager

Cell: 0447 185 001

106/42 Brisbane Road
Mooloolaba, Queensland 4557