Shop 10/53-57 The Esplanade Cairns City QLD 4870

Phone enquiries - please quote property ID 35383.

SHOP ( 67 sqm interior area )

HIGH FOOT TRAFFIC PRIME LOCATION IN THE HEART OF CAIRNS CBD NEXT TO MANTRA ESPLANADE HOTEL LOBBY AND SURROUNDED BY POPULAR RESTAURANTS AND OTHER 4-5 STAR HOTELS.

The shop is semi-divided at present, suitable for 2 businesses. The owner operates a travel shop and a luggage storage business. The shop has one car park on the 1st floor.

APARTMENT ( 144 sqm total area, 84 sqm interior + 60 sqm patio/balcony )

THOUGHT AFTER CBD APARTMENT CLOSE TO RESTAURANTS, WOOLWORTH AND OTHER SHOPS, CAIRNS LAGOON, CAIRNS REEF TERMINAL, CRUISE SHIP TERMINAL, CASINO, NIGHT MARKET ETC

It is a 3rd-floor, dual-key, 2-bedroom, oceanfront apartment with a huge balcony in the same Calypso Plaza building as the shop. At the moment half the apartment is in the Mantra Esplanade hotel pool for income and the other half is used by the owner. Option to continue as is, place the whole into the hotel pool or live in the whole apartment. Car parking is on the 2nd floor. Access to all hotel amenities ( gym, pool etc ). Hotel occupancy is constantly high, year after year, 90%+.

PURCHASING OPTIONS

1. WALK IN / WALK OUT - INCLUDING EXISTING TRAVEL BUSINESS

The travel shop has been operated by the owner since March 2002, Long, good relations and best commission deals with all FNQ tour operators. Fairly easy to run a business.

2. THE OWNER WILL LEASE BACK THE WHOLE SHOP FROM THE 1ST OF JULY FOR 6 MONTHS WITH RENEWAL OPTIONS

3. THE NEW OWNER CAN OPERATE HIS/HER OWN BUSINESS IN HALF THE SHOP AND THE PRESENT OWNER LEASES BACK THE OTHER HALF.

The existing travel shop can be as small as 20-25 sqm so the new owner can operate or lease out to other party around 40+ sqm for any other business.
Any business is permitted in the shop that doesn’t contravene with the building by-laws. Any tourism-related business, any kind of retail and any type of food & drink-related business like cafes, wine bars, ice cream shops etc. Also any health, beauty or lifestyle business.

4. VACANT POSSESSION

Note: The present owner would prefer to keep operating the travel shop at least until the end of 2025, then would vacate the shop.

5. ANY OTHER PURCHASING, LEASING TO PURCHASE ETC OPTIONS ARE NEGOTIABLE

INCOME INFORMATION FOR A PURCHASER

In 2024, the half apartment had $37,000 net income ( after Mantra hotel commission ), a similar whole dual key apartment had net income between $60,000 and $80,000+.
The present owner would lease back the travel shop for $60,000 Gst + Outgoing.

FURTHER INFORMATION FOR INTERSTATE PEOPLE MOVING TO CAIRNS or OVERSEAS PEOPLE MOVING TO AUSTRALIA

Live and work in a tropical paradise. Cairns has a warm and pleasant climate all year round. The Cairns International Airport has daily direct flights to various cities in Asia and NZ with good connections to go further and the Cairns Domestic Airport has daily flights to most Australian cities. It has two universities and a bustling seaport with 100+ yearly cruise ship arrivals. The city is a world-famous tourist destination for its natural wonders where the Great Barrier Reef meets the World Heritage rainforests and for its numerous tourist attractions.
Note: The apartment is not for sale without the shop freehold, further details by negotiation with the owner.
If immigration matters are involved, the purchaser needs to discuss it with an immigration agent. Contact from immigration agents with the right clients is welcome.
For other details please see the Commercial For Lease by Owner website

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