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Eureka Group Expands Cairns Footprint with $3.5M Tourist Park Buy
11:45pm on Monday 2nd of June, 2025 AEST
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Real Estate
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Eureka Group Expands Cairns Footprint with $3.5M Tourist Park Buy
11:45pm on Monday 2nd of June, 2025 AEST
Key Points
Acquisition of Barrier Reef Tourist Park in Cairns for $3.5 million
Initial yield of 9.7% with potential to add 24 long-term rental units
Park comprises 90 sites and 29 cabins on 2.05ha freehold land
Located in Edmonton, a fast-growing residential suburb with low vacancy
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Eureka Group Holdings (ASX:EGH)
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