Excellent Management Rights Business in Cairns
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(no street name provided), Cairns QLD 4870

$3,200,000

RetailSize: n/a
Retail size: 1 m² approx.
Everyone loves Cairns. People from all over the world go there for a holiday. How would you like to live there? Imagine having a profitable business at the Cairns Esplanade, and permanently enjoying Cairns’ wonderful weather, gorgeous scenery and holiday atmosphere.
This business opportunity is at an exceptional commercial complex trading as the Cairns Night Markets, which offers interesting and diverse entertainment for all and is a must for visitors to Cairns, resulting in about 2.7 million visitors every year. The complex has a perfect Esplanade location with 131 shops including 13 food outlets with seating for 200. 120 shops have been in the letting pool for 21 years. During this period there have only been two Managers, which speaks volumes for the quality of this business.
The complex is structured as a Management Rights business but with fewer restrictions. It offers excellent security of tenure with a Perpetual Term on the Body Corporate Agreements. The Manager is a member (with voting power) of the Body Corporate Committee. This is a remarkably stable business with low shop vacancy rates and minimum lease terms of 12 months that offers excellent and consistent growth.
The Body Corp provides a good salary for the Manager to do administration duties overseeing contractors who provide cleaning, gardening and maintenance services at the Body Corporate’s cost. The Manager also lets the shops. Two people can run this business with ease. One very experienced staff member who essentially runs the business by herself and has been with the company for 11 years, is willing to stay on with new owners.
The Manager’s office is owned by the Manager, but there is no Manager’s residence to buy.
Don’t pass by this opportunity without considering it for yourself. Please contact Mr Robert Lin on 0433-000-888 to obtain further information and discuss this opportunity in detail.

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Key details

Property type:
Retail

Other Details

Retail Size:
1 *
*These are approximate values based on available information.
Joy Realty

Property history

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Cairns suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
51 years
Population
850
Listing ID: 177064011. This listing has been viewed 8 times. It was first displayed on 30/07/2019 and last updated on 30/07/2019.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.