FOR SALE
UNDER CONTRACT

272-274 Draper Street
Parramatta Park QLD 4870

Bedrooms: 22
Bathrooms: 8
Car spaces: -
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City Backpackers Prime Location & Opportunity

Don't miss out on your chance to own a thriving business and prime real estate in Tropical North Queensland!
Located in the vibrant suburb of Parramatta Park, just moments away from the bustling Central Business District and Cairns Central, this 809m2 property offers an unbeatable location. With the city centre and Cairns Central within walking distance, convenience meets opportunity at your doorstep.
The property boasts two freshly painted, charming Queensland-style high-set dwellings converted into various accommodation rooms, complemented by two additional cabins, totalling four accommodation buildings. Three kitchens and facilities cater to guests' needs, while an inviting in-ground swimming pool and landscaped grounds enhance the tropical feel.
Cairns City Backpackers has been a mainstay in the hospitality scene for years, enjoying a solid reputation for excellence and boasting accommodation a for up to 36 persons and 22 rooms. The current owners have seen consistent growth and profitability, with additional revenue streams available through the Tour Desk and Vending services, further enhancing the property's income potential.
Future development potential adds even more value to this already lucrative investment opportunity. The property is offered as a "Sold as a Going Concern," including the business and all associated intellectual property rights.
Contact our dedicated agent Kate Fern on 0477701502 for an information memorandum and secure your piece of paradise in Tropical North Queensland. Opportunity knocks—answer the call now!

Property Details for 272-274 Draper St, Parramatta Park

272-274 Draper St, Parramatta Park is a 22 bedroom, 8 bathroom House. The place is currently for sale with Powerhouse Property Cairns.

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About Parramatta Park 4870

The size of Parramatta Park is approximately 1.6 square kilometres. It has 4 parks covering nearly 13.9% of total area. The population of Parramatta Park in 2011 was 3,226 people. By 2016 the population was 3,515 showing a population growth of 9.0% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation. In 2011, 29.4% of the homes in Parramatta Park were owner-occupied compared with 29.8% in 2016.

Parramatta Park has 1,927 properties. Over the last 5 years, Houses in Parramatta Park have seen a 41.21% increase in median value, while Units have seen a 65.86% increase. As at 31 October 2024:

  • The median value for Houses in Parramatta Park is $583,677 while the median value for Units is $406,749.
  • Houses have a median rent of $500 while Units have a median rent of $435.
There are currently 41 properties listed for sale, and 15 properties listed for rent in Parramatta park on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Parramatta park.

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Kate Fern
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Paris Cream
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