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Motel business for sale in Cairns City

  • Motel
  • Cairns City QLD 4870
  • Expressions of Interest

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

EOI: Closes 5pm Wednesday 28th October 2020

Submit all EOI in writing to:

Tourism Brokers

32-34 Lamorna Ave, BEECROFT NSW 2119

E: sales@tourismbrokers.com.au

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

Property ID: 2630MF (quote when enquiring)

Property Code: 3543

Business Highlights

Business ID2016497298
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Last updated  17 Sep 2020
Map for Cairns City QLD 4870
Map for Cairns City QLD 4870Cairns City QLD 4870
Tourism Brokers
32 Lamorna Ave Beecroft NSW 2119
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