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.
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
- Swimming Pool
- Coin Laundry (2x Washer / 2x Dryer)
- Tour Desk / Reception
- CBD Location
Asking price $1,500,000 (Freehold)
* Owners of Motel & Restaurant Business also open to sell.
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|Floor Area||1,018 m²|
|Land Area||1,018 m²|
|Parking||6 x Onsite parkings|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||2 Feb 2020|