2-4 Hermitage Drive Airlie Beach QLD 4802

Off Market Hotels are please to present to market Exclusively the Freehold Going Concern of the Colonial Palms Motor Inn, Airlie Beach.

Investment Highlights:
Prime position in Airlie Beach, directly opposite the Port of Airlie Marina and over-looking the Coral Sea.
The Hotel offers 30 rooms, Licensed Restaurant & Bar, commercial kitchen, well-appointed manager's apartment & resort style pools.
Only a short stroll to the main tourist strip, with cafes, restaurants, shops and the illustrious nightlife.
Large 4832m² freehold site, on two titles, with redevelopment potential, approximate height precedent set between 12-21m for mixed-use (STCA).
Long established and highly profitable business operation which achieved strong trading results over the last couple of years, and even stronger trading patterns/forward bookings into the future.