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191 Sheridan Street Cairns North QLD 4870

  • Hotel / Leisure
  • 1,018 m²
  • For Sale, $1,500,000 (GST na)

Freehold, 16 Room Cairns Motel with Restaurant & Bar, CBD Location.

Phone enquiries - please quote property ID 23637

This popular motel is located in the heart of Cairns City, in Tropical North Queensland and provides a multitude of possibilities for its perspective buyer. The freehold for this Motel currently for sale and this motel is perfect for an investor. Currently there are two leases active the motel business and the restaurant/bar, which currently produce over 6% pa return with room to grow.

The long term owners of this motel have invested on a regular basis to ensure that the facilities are in great condition with all rooms containing spit system air conditioners and a Tuscan feel. Recent upgrades to the property including a cctv system and a lock up garage.

The tenants are open to the potential sale of both the Motel business and/ or the Restaurant/Bar. This option would suit a hands on operator looking for a resort lifestyle and change of pace with a spacious managers quarters.

This sale offers a unique opportunity providing a chance to own your own hotel with flexibility and would suit a variety of buyers.

Facility Includes:

Land Size: 1,018 m²

15 x Motel Rooms
1 x Self Contained Unit
1 x Managers Unit
1 x Restaurant & Bar
1 x Lock up Garage / Workshop / Storage
1 x Cleaners Storage

Features:
- Swimming Pool
- Coin Laundry (2x Washer / 2x Dryer)
- Tour Desk / Reception
- CCTV
- CBD Location

Asking price $1,500,000 (Freehold)

* Owners of Motel & Restaurant Business also open to sell.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

Property Highlights

Property ID2015967077
Floor Area1,018 m²
Land Area1,018 m²
Parking6 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  2 Feb 2020
Map for 191 Sheridan Street Cairns North QLD 4870
Map for 191 Sheridan Street Cairns North QLD 4870191 Sheridan Street Cairns North QLD 4870
No Agent Property
Suite 1a, 608 Hawthorn Rd Brighton East VIC 3187

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