Cairns City QLD 4870
- Hotel, Motel, Pub & Leisure
- 530 m²
- For Sale, $4,700,000 (inc. GST)
LANDMARK HOTEL CAIRNS CBD WITH PLENTY OF UP-SHOT
- CBD PRECINCT LOCATION CAIRNS
- 15 COASTAL GAMING LICENSES
- 530m² CORNER BLOCK
Off Market Hotels are pleased to present the Barrier Reef Hotel located on the waterfront precinct of Cairns CBD. Neighbours include The Hilton, Reef Hotel Casino, Cairns Reef Fleet Terminal, Hemingway's and a myriad of high-rise hotels and accommodation providers. Directly opposite the Cairns Cruise Liner Terminal.
Cairns is a major Queensland cruise port serving international (Australia and Asia based) cruise ships but also a huge fleet of Australian reef cruise vessels offering regularly scheduled departures each day.
The Barrier Reef has been owned and operated for the last 5 years. Parts of the hotel have been renovated to reflect the history of the surrounding area and provides a great atmosphere for locals and tourists.
The hotel boasts, a large front bar and lounge area, 15 coastal gaming machines, fully serviced TAB facility and KENO. The family have continually upgraded the hotel and put their mark on it. They have a great local base, functions, Sunday Jazz and many more. Opening hours have always been to suit. The hotel currently operates from Wednesday through to Sunday, with a daily opening time of 12 noon. Most nights (except for the odd few), the hotel closes around 8-9. Under normal circumstances a hotel under the current license can trade from 10am 12 midnight, 7 days per week. The current operation is approximately 45 hours per week, instead of the 98 hours per week.
The Clincher: UPSTAIRS! There is another whole level, making the property 2-storeys. This is for as an astute buyer to put your own mark on. There is a number of ideas that could suit, especially with the sprawling verandas and outlook onto the Cairns Inlet. Currently has been shut for many years.
This is a great opportunity for an operator to enter the market and stamp their authority on a thriving Cairns market.
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