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Cairns City QLD 4870
Sold on 22 Nov 2021

Cairns City QLD 4870

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • Sold

2654ML - 41% ROI, 33 ROOMS, EASILY MANAGED MOTEL IN CENTRAL CAIRNS

    Your very own Motel in Paradise here in Cairns, Far North Queensland. Net profit of $7,000 per week. Solid booked all year round currently averaging over 85% Occupancy.

    This Lease will not last long at this price performance.

    - 33 apartment motel recently refurbished.

    - Good reliable money-making opportunity for a Motelier wishing to step up to the next challenge.

    - Easily managed and very easy life for two active owners.

    - With 2 reception staff in place, most weekends would be free to relax.

    - Centre of town location easy park and short walk to restaurants / hotels, Cairns Esplanade and a number of other conveniences and attractions.

    - High quality 4 star property.

    - A good mix of corporate and local clients as well as passing trade with plenty of opportunity for growth.

    - Great reviews on Trip Advisor 4.5 and Booking.com 8.7 and a strong established return business.

    Well worth the inspection and a solid opportunity earning a Net Profit of $344,000 in 2020/2021, and with little COVID effect, this Motel Lease is Priced to Sell at $840,000, reflecting a Return on Investment of around 41%.

    A generous brand-new lease of 20 years will be offered to the buyer, at an initial rental of $240,000 a year plus GST and outgoings, indexed to CPI. This represents around $140 per week per apartment.

    Net Profit: $341,000 for 2019/20

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

    Property ID: 2654ML (quote when enquiring)

    Property Code: 3784

    Property Highlights

    Date Sold22 Nov 2021
    Floor Area1 m²
    Land Area2,030 m²
    ParkingAsk Agent
    Virtual TourView Tour
    Property ID2017008296
    Category
    Last updated  23 Nov 2021
    Map for Cairns City QLD 4870

    Property Highlights

    Date Sold22 Nov 2021
    Floor Area1 m²
    Land Area2,030 m²
    ParkingAsk Agent
    Virtual TourView Tour
    Property ID2017008296
    Category
    Last updated  23 Nov 2021
    170 Scarborough St Southport QLD 4215

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