Cairns Esplanade Management Rights - $344,000 Net, No Onsite Residency Required

This opportunity generates a strong $344,000 net profit from 17 well-positioned units along the Cairns Esplanade, with a secure 19-year agreement set to be extended to 24 years prior to settlement. Its prime location offers easy walking access to the marina, vibrant CBD dining precinct, Cairns Aquarium and hospital, while the airport is less than five minutes away - an ideal combination that supports consistent year-round occupancy driven by Cairns’ thriving tourism market.

The business is designed for simplicity, with no set office hours and straightforward caretaking across a low-rise complex featuring a pool, BBQ area and Wi-Fi. Resly booking software is already in place, ensuring smooth day-to-day operations. The ground-floor manager’s residence comprises two bedrooms, a spacious courtyard, office and on-title storage, with no requirement to live onsite - offering flexibility to operate remotely or generate additional income by adding it to the letting pool.

With one unit currently managed externally, there is clear upside to expand the letting pool and further enhance returns. A stable body corporate and long-term agreement underpin the security of this investment, making it an appealing option for both hands-on operators and those seeking a more flexible management approach.