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Motel business for sale in Cairns City

  • Motel
  • Cairns City QLD 4870
  • FREEHOLD - PRICE ON APPLICATION

2630mf - Freehold Blue Chip Sheridan St, Cairns Corner Motel, First Time Offered In 43 Years

- 21 Rooms (Mixed Configurations)

- Earnings of $244,902 p.a. (as per vendor)

- Strong corner road exposure.

- Great potential to expand with additional land at rear.

- Recently painted.

- Owner retiring after 43 years.

- Owner operated by family.

- Low overheads.

- Owners are 87 years old and shut the office early, missing out on a large number of evening travellers, so occupancy could be lifted to boost earnings.

- 3 bedroom residence, adjacent to unit 1 with possible expansion to 4 bedrooms.

- Separate house on motel site capable of earning $20,800 p.a.

- An adjacent 1,200 sqm can be purchased giving the motel three street frontages, which has two houses currently let for $26,000 p.a. each.

- Owners are 87 years old, and shut the office early missing out on a large number of evening travellers, so occupancy could be lifted to boost earnings.

- Great opportunity to gain cash flow with future Development Opportunities beckoning.

Net Profit: $244,902 for 2018/19

Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2630MF (quote when enquiring)

Property Code: 3543

Antonio Curulli
Tourism Brokers
Antonio Curulli
Tourism Brokers

Business Highlights

Business ID2016497298
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Last updated  16 Sep 2020
Map for Cairns City QLD 4870
Map for Cairns City QLD 4870Cairns City QLD 4870
Antonio Curulli
Tourism Brokers
Antonio Curulli
Tourism Brokers

Business Highlights

Business ID2016497298
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  16 Sep 2020
Tourism Brokers
170 Scarborough St Southport QLD 4215
Antonio Curulli
Tourism Brokers
Antonio Curulli
Tourism Brokers
Antonio Curulli

Antonio Curulli

Tourism Brokers

Call Broker
0488 030 853
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