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.