7 Palm Avenue, Parramatta Park, Qld 4870

A specialist freehold on the Cairns CBD fringe, with a tenanted residence for added income. Now selling via Expressions of Interest.

This is a freehold, going-concern business right on the Cairns CBD fringe. A rare opportunity to acquire a specialist facility with a genuine trading history, plus a separate income-producing residence.

The current owners bought the property in 2020 and created a thriving aquatic, training and education facility. It's now on the market for the very first time.

Learn-to-swim is the heart of the business, but it's far from the only story. The facility already hosts personal training, third-party education, and periodic diving and underwater-photography hire, on top of the residential income next door.

At the front of the property sits a classic raised Queenslander - two bedrooms, a separate kitchen and dining area, a lounge room and a light-filled sunroom, with a platform lift for easy access between levels. It's currently tenanted, giving a new owner immediate flexibility: continue the existing rental income, or move in and make it your own. Beneath the residence, a substantial under-house area of approximately 200 sqm adds further upside - currently used for storage and parking, with room for additional storage, workspace or another compatible use, subject to the usual approvals.

Minutes from the Cairns CBD, the property draws swimmers, trainers and families from right across the region, from the northern beaches to the southern growth corridor. It also sits close to Barlow Park and the Cairns Showgrounds, right in the path of Council's Major Events Precinct plans - a strong long-term signal for the surrounding area.

For the right buyer, this is a genuinely rare chance to secure a specialist CBD-fringe asset with more than one way to create value.

Key Features
• 877 sqm freehold land in Parramatta Park
• Purpose-built 16m x 8m pool with an approx 3.5m central deep-water training pit
• Established swim school with a diversified revenue base - learn-to-swim, personal training, third-party education, diving and underwater-photography hire
• Separate tenanted raised Queenslander residence - 2 bedrooms, kitchen and dining, lounge, sunroom, platform lift
• Approx. 200 sqm* under-house storage/parking area, with further optionality subject to approvals
• Commercial-grade filtration, chlorination and heating, backed by solar

For further information or to register your interest, contact Helen Crossley, Principal, on 0412 772 882 or helen.crossley@raywhite.com.