122 Lake Street,
Cairns City, QLD 4870
Hotel, Motel & Leisure
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Map of 122 Lake Street
Novotel Oasis Cairns
CBRE Hotels is proud to present the Novotel Cairns Oasis in the leading hotel growth market in Australia.
INVESTMENT HIGHLIGHTS
THE LARGEST LANDHOLDINGS IN CAIRNS CBD
• Largest landholding (1.23* hectares) in Cairns CBD, offers further development potential (STCA).
SECOND LARGEST HOTEL IN CAIRNS
• With 314 rooms, this is Cairns' second largest accommodation offering.
FINANCIAL NET RETURN TO INCOMING OWNER
• Strong performance with the ability to substantially increase net return.
VACANT POSSESSION
• Vacant Possession is available upon sale.
UNRIVALLED LOCATION IN CAIRNS CBD
• The hotel is located in Cairns, the gateway to World Heritage listed Great Barrier Reef and The Daintree Rainforest, in an unrivalled location on Lake Street, adjoining the Cairns Aquarium development and one block from the Performing Arts Centre development.
CAIRNS - AUSTRALIA'S LEADING MAJOR HOTEL GROWTH MARKET
• Cairns is witnessing an impressive tourism rebound with record high visitor arrivals and double digit growth in RevPAR - up 12.6% Feb YTD according to STR.
*Approx
Outlines on aerial image indicative only
INVESTMENT HIGHLIGHTS
THE LARGEST LANDHOLDINGS IN CAIRNS CBD
• Largest landholding (1.23* hectares) in Cairns CBD, offers further development potential (STCA).
SECOND LARGEST HOTEL IN CAIRNS
• With 314 rooms, this is Cairns' second largest accommodation offering.
FINANCIAL NET RETURN TO INCOMING OWNER
• Strong performance with the ability to substantially increase net return.
VACANT POSSESSION
• Vacant Possession is available upon sale.
UNRIVALLED LOCATION IN CAIRNS CBD
• The hotel is located in Cairns, the gateway to World Heritage listed Great Barrier Reef and The Daintree Rainforest, in an unrivalled location on Lake Street, adjoining the Cairns Aquarium development and one block from the Performing Arts Centre development.
CAIRNS - AUSTRALIA'S LEADING MAJOR HOTEL GROWTH MARKET
• Cairns is witnessing an impressive tourism rebound with record high visitor arrivals and double digit growth in RevPAR - up 12.6% Feb YTD according to STR.
*Approx
Outlines on aerial image indicative only
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Cairns City, 4870 demographic data
The median household income for Cairns City is $1,627, 8% higher than Regional Queensland's household income of $1,507. Cairns City has an older age profile compared to the rest of Regional Queensland (median age 44 vs 41). Property ownership data shows 35% of property owners in Cairns City have a mortgage.
3,616
Population
$1,627 per week
Median household income
44 years
Median age
Renters
Most residents
Families
Most households
04196986...
122 Lake Street
Cairns City, QLD 4870
CBRE - HotelsLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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