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After more than a decade with the current managers, Cairns One is now being offered for sale. This is a rare opportunity for this very desirable residential complex is one of the largest residential complexes in the state of Queensland and given the standard of facilities and general location has developed and maintained a strong demand as the place to reside in this beautiful tropical location.
Cairns One is located within walking distance of the CBD and within a five minute drive to the Esplanade. The complex boasts 458 lots in four residential towers set among architecturally landscaped grounds and gardens. The complex is set well back from main arterial roads providing a peaceful, private and secure residential environment. Nine pools, tennis and outdoor recreational facilities offers residents every opportunity to meet and relax and the variety of apartment offers something for everyone from one through to four bedrooms accommodation. As a consequence Cairns One provides a genuine community spirit where residents feel safe and welcome.
The letting business includes 161 lots within the letting pool generating a substantial and profitable business. Within the business there is a convenience store including a liquor licence and the capability to develop new revenue streams through food and beverage. Alternatively this operation could be offered for lease. Letting demand has always been strong and there is the opportunity to build and enhance the business through application of sound management principles.
The managers apartment is a substantial three-bedroom, two bathroom apartment suitable for couples or family groups. The living areas are spacious and include separate dining, media room and outdoor balcony.
An inspection is recommended. The vendors have substantial alternative business activities now demanding more time. As a consequence, they are motivated to negotiate and sell to genuine buyers.
Please contact Geoff Ellis today.
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