272-274 Draper Street,
Parramatta Park, QLD 4870

This is your opportunity is secure a thriving business and prime real estate investment whilst seeking a lifestyle change in Tropical North Queensland.

Offered at Auction or before is a 809m2 property site located in the suburb of Parramatta Park, being on the western fringe of the Central Business District, approximately 500 meters west of the City Center.

The property is improved with an established backpacker hostel which is housed in two Queensland style high set dwellings which have been converted to provide various accommodation rooms plus 2 Cabins making 4 accommodation buildings in total, 3 kitchens and facilities. In addition the property includes an in-ground swimming pool and landscaped grounds.

Cairns City Backpackers has been operating as a backpacker hostel for quite some time and has built a reputation ensuring constant growth and repeat business year after year and is licensed by the Cairns City Council for a maximum of 80 persons and 22 rooms. Ability to increase to 92 person capacity is possible.

Owner couple have been clearing a healthy return for the past 8 years after all expenses and casual staff. Additional income streams via Tour Desk and Vending.

Owner supplied P & L statements demonstrate an average annual net profit of over $200k after all expenses and staff. The land and buildings were valued at $900k in August 2012. A copy of the full valuation and of the P & L statements will be provided upon request. This freehold property is to be "Sold as a Going Concern" along with the business and with all intellectual website rights..

See website http://www.cairnscitybackpackers.com.

Register your interest in this fantastic ROI investment property / business.

Contact Agent for an information memorandum today.