Mid City Luxury Suites delivers a rare lease-back management rights opportunity in the heart of Cairns CBD, directly opposite Cairns Central Shopping Centre. With 18 apartments currently in the letting pool and net profit of $250,077, this streamlined operation offers genuine flexibility with no requirement to live onsite.
The business generates strong returns exceeding 20%, supported by consistent corporate and leisure demand, excellent guest ratings across major booking platforms, and a prime location metres from the Esplanade and Cairns Convention Centre.
Body corporate remuneration of $45,451 per annum provides reliable additional income, with CPI-linked increases and long-term agreements ensuring operational security.
The lease-back structure removes the complexity of managing individual owner relationships, making this particularly suited to working couples or operators seeking straightforward CBD accommodation management. The two-bedroom manager's residence includes office on title and multiple storage rooms, while the immediate opportunity to add this unit to the letting pool creates a clear pathway to enhanced profitability.
Established systems, contractor support for pool maintenance, and readily available casual cleaning staff ensure manageable day-to-day operations in this well-positioned Cairns accommodation business.
Interested? Why not give Leah Bursztynowicz a call on 0468 918 250 or leah@resortbrokers.com.au
