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1300 76 78 02CRE Brokers are pleased to exclusively present this opportunity to acquire the Cairns Reef Apartments and Motel, a thriving accommodation business located on southern side of Cairns.
With more than a decade of consistent growth and high occupancy rates, this property presents a great investment and lifestyle opportunity in one of Australia's premier tourist destinations.
TOTAL NUMBER OF UNITS: 28 (not including Manager's residence)
UNITS IN LETTING POOL : 20
NET PROFIT : $184,902.53
MANAGER'S RESIDENCE : 4 Bedrooms with Office on Title
REAL ESTATE PRICE : $550,000
BUSINESS PRICE : $650,000
TOTAL ASKING PRICE : $1,200,000