Penridge Real Estate is pleased to offer for sale the property located at 83 Esplanade, Cairns City.

The property is situated on 511m2 of prime commercial land, in a superior location, directly opposite the Esplanade Lagoon Entry. Improvements to the land include a two storey accommodation/retail building of block and brick construction offering over 700m2 of lettable area and 10 metre frontage.

The building was previously known as “Jimmy's on the Esplanade” and houses one of the best, low maintenance backpacker's in the area. The 60 bed hostel component is accessed by a street facing reception and tour desk area, with all of the rooms being easily accessed by a common laneway on both levels. All of the rooms are tiled internally and offer either their own bathroom or dual access to a bathroom. Other improvements to the hostel include a large modern inground pool, internet café area, common toilet block, communal kitchen and laundry and a large recreational area.

To the front of the building there are two retail shops adjoining the Hostel reception, one houses the owner’s travel business, Mad Travel and the other houses Oasis Kebabs. Oasis Kebabs is a long standing business which has been operating out of the building for more than a decade. This business also enjoys the use of most of the footpath dining area. The owner of the building is prepared to enter into a new lease with the purchaser for the area housing their travel business.

83 Esplanade offers a rare opportunity to secure a mixed use freehold property in a superior waterfront location.