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Royal Harbour Night Markets, 52/71-75 Esplanade Cairns City, QLD 4870

Directions

Royal Harbour Night Markets, 52/71-75 Esplanade,
Cairns City, QLD 4870

Shops & Retail

Price information

Sale

$125,000

Key property information

Floor area

Municipality

Tenure type

Return

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$7,319
Number of Tenants
1 Tenant
Tenants / Type
Retail

Private inspections

to arrange a private inspection.

Map of Royal Harbour Night Markets, 52/71-75 Esplanade

Directions
  • Train stations within 5 km of Royal Harbour Night Markets, 52/71-75 Esplanade, Cairns City, QLD 4870Distance
    Cairns815 m
    Portsmith Station3.3 km
    POWERED BY HERE ©
  • Bus stops within 5 km of Royal Harbour Night Markets, 52/71-75 Esplanade, Cairns City, QLD 4870Distance
    Spence Street at Grafton St483 m
    Florence Street at Sheridan Street605 m
    Lake Street at Cairns Private Hospital704 m
    Cairns Central Shopping Centre755 m
    Greyhound Bus Stop Cairns786 m
    POWERED BY HERE ©
POWERED BY HERE ©

$125,000 investment with 6% net returns- new 2-year lease in place in a prime location on the Cairns Esplanade.

  • Prime Location in the heart of the CBD
  • 6% net returns
  • $125,000 investment
Cairns Night Markets retail stall a great affordable investment with high yields in a prime esplanade location. Sale price $125,000 net returns 6%:

A little history on the night markets retail stalls. The Cairns night markets have been an integral part of the Cairns tourist trade for over 25 years. It is a vibrant and bustling night market that offers everyone an incredible shopping and dining experience with something for everyone, from delicious street food to handcrafted souvenirs, in a perfect location on the Cairns Esplanade.
It is a one-stop shop for everything from clothes and jewellery to delicious street food and handmade souvenirs. They have been operating since 1996, becoming a cultural landmark for the Cairns community.
This market offers approximately 100 stalls selling a vast selection of handmade souvenirs and clothing. Visitors can purchase unique gifts for their loved ones or take home a piece of Cairns. The market features retail stalls that sell handcrafted jewellery, artwork, and clothing made by local artisans. The market is also famous for its Aboriginal art, which includes paintings, sculptures, and carvings.

The Location:

Located in the heart of Cairns, the Cairns Night Markets are easily accessible from most hotels and accommodations. You can even take the local bus or walk to the markets if you stay nearby.
The markets are also near many other popular Cairns attractions, such as the Esplanade lagoon and the Cairns Aquarian.
In conclusion, the Cairns Night Markets are a must-visit destination for anyone looking for a unique shopping and dining experience in Cairns.

What is the investment opportunity:

The opportunity is to purchase a retail market stall which is approximately 9 square metres. These market retail stalls have been a proven investment and over the past 25 years. This retail market stall has a new 2-year commercial lease with a 3-year option. Current net rentals at present after outgoings are $7,316.64 PA. This is a healthy 6% net return on your investment.
Rarely do such prime retail spaces become available for sale with such an affordable price tag. Also having the security of the proven established night market retail stalls gives the investment validation.

Enquiries Steve Cordenos 04187749... steve@cordenosrealestate.com

Property ID: 504503084Last Updated: 26 Apr 2024

0418 774 9...
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Royal Harbour Night Markets, 52/71-75 Esplanade
Cairns City, QLD 4870
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