Motel business for sale in Cardwell
- Cardwell QLD 4849
- LEASEHOLD $725,000
2636ml - 30 Year Leasehold With Great Passing Traffic And Multiple Income Streams
Beautifully presented 44 room resort style leasehold motel, across from the beach at Cardwell home of Hinchinbrook Island.
Cardwell @ the Beach is conveniently located on the main road (Bruce Hwy) travelling north or south through Cardwell, only meters from the beach. The gorgeous beachside town of Cardwell is situated 1.5 hours north of Townsville and 2 hours south of Cairns.
Recently upgrades rooms, full tavern license with Bar and Restaurant, and fully stocked drive through bottle shop, this motel is ready for the next phase of its growth.
Ideally suited to a Husband and wife team, with immediate potential to either work the restaurant or lease it out for immediate income.
Currently netting $227,000 during October 2019 through to September 2020, it is well priced at $725,000, representing a Return on Investment of 32%.
Net Profit: $227,340 for 2019/20
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2636ML (quote when enquiring)
Location: The town of Cardwell is a seaside town and is located between the Hinchinbrook Island National Park and the World Heritage forests of the coastal ranges. One of North Queenslands earliest towns, dating back to 1864, it was originally intended as a port and supply centre for inland cattle properties. Cardwell is also the gateway to the northern point of Hinchinbrook Island, the largest Heritage National Island of its kind in the world. This in itself attracts many international, interstate and intrastate visitors to walk the infamous Thorsborne Trail, one of the worlds top 10 classic wilderness hikes.
Property Code: 3607