HIGHLY COVID RESISTANT & STABLE IN A SOUGHT AFTER PREMIUM LOCATION

If this one does not end up on your shortlist, then you probably don’t know what you are doing. With stable, qualified, constant corporate clientele year-round, Covid 19 has had minimal effect on this property. With the current Manager confident in their repeat corporate business keeping their property operating through all but the extreme worst Covid scenario in the community, from which North Queensland has largely been spared, the security and stability of this property have to be a key stand-out feature worthy of attention.

Rarely does a Council do such an incredible job of creating and maintaining such a place as the famous Cairns Esplanade. This venue has complete frontage to the Esplanades waterfront boardwalk, parks, restaurants and cafes a short, relaxed stroll away. This property is wrapped in lush tropical gardens which also surround a superbly appointed swimming pool and poolside barbeque facilities, and includes serene views over the Esplanade and Trinity Bay from several different vantage points around the resort.

On inspection, it presents very well as a modern and obviously well-maintained venue due to a co-operative body-corporate and fastidious management. There are security gates and CCTV in place as well as undercover, off-street car parking, which is now also home to a recently installed solar power initiative. There are 23 units in total, of which 20 units are in the pool, consisting of a mix of 1 and 2-bedroom easily serviced, self-contained apartments with recent bathroom upgrades.

The first three rules of Real Estate are covered here, LOCATION, LOCATION, LOCATION. This is a premium sought-after location for holiday-makers and corporate clients alike, and as such, for the savvy operator as well. There is potential to live off-site if that suits your purposes, so with little difference in key 2020/21 figures, surety of future clientele with minimal pandemic impact and an impeccable reputation and facilities, the key questions are self-explanatory, and an inspection is well worth the effort before this Unicorn disappears. All the remaining questions will be between you and your bank manager.

You can begin your inspection with a VIRTUAL TOUR by clicking the Request Access button on the right of the page.

Property Details

AUTHORITY:
open
BUILDING TYPE:
3 Story Walk Up
FEATURES:
Inground Heated Pool, BBQ area
PETS ALLOWED?
Yes

Management Rights Information

$1,595,000

PRICE

$308.242,-

Net Profit

ACTUAL

Calc. Type

$75,276.00

renumeration

Total Number of Units in Complex: 23
Units in Letting Pool: 20
Units Owner Occupied: 1
Units Let by Outside Agents: 1
Number of Lockup Units: 0
MR Agreement Term: 25
Agreement Term Remaining: 19
Age of Complex: approximately 31

Manager Unit Feature

Office on Title:
Yes
Office Attached to Unit:
Yes

Value of Manager’s Realestate ($AUD):

$350,000.00

Bedrooms in Manager’s Unit:

2

Bathrooms in Manager’s Unit:

1
Carspaces with Manager’s Unit:
1

Additional Manager’s Unit Features:

Consultant Details

Frank van der Heijden

PHONE:

(07) 4056 6366

MOBILE:

0407 137 186

Virtual Inspection:

Request Access

Enquiry Form

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