Bay Village Tropical Retreat, Cairns - SOLD

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Sold for 7,500,000 AUD Date of Sale: June 2014
Rooms: 87
Price Per Room: 86,207 AUD
Property Id : 29156

Bay Village Tropical Retreat is a 3.5 star hotel that features 72 guest rooms, an award-winning 100 seat restaurant and an array of guest facilities. It occupies a substantial 3,858sqm free site within easy walking distance of the Cairns waterfront and Central Business District. The offering also includes a manager’s residence together with management rights over the 17 adjacent 4.0 star Bay Village Tropical Apartments.

Cairns is Australia’s fifth most popular leisure destination and known as the place ‘where the rainforest meets the reef’. It is the only destination in the world where two World Heritage Listed areas combine – the Wet Tropics of Queensland (including the Daintree Rainforest) and the world’s largest naturally occurring coral reef, the Great Barrier Reef.

With its first class amenities, convenient location and overall market appeal, the Hotel has established an enviable reputation and boasts strong headline trading performance and profit margins.

Peter Harper

Managing Director, Head of Investment Sales Australasia
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