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Cairns City

SOLD

2609MF - CAIRNS FREEHOLD MOTEL WITH 17% ROI

This is a great opportunity to get into one of Australia’s best regional markets that is teaming with International and Domestic travellers. On offer is a freehold going concern motel on over 4,600 m2 land that has been extensively renovated over the past 4-5 years and now presents as a solid 3.5 star motel and upmarket restaurant with regular local trade.

Main points of interest are:

  • First motel within the town limits as you enter Cairns from the South.
  • 36 rooms of various configuration all upgraded in past 4 years.
  • Fully functional and profitable restaurant with liquor license.
  • Onsite pool, kids playground and barbeque area.
  • 2 bedroom owner’s residence plus small studio unit for manager/staff.
  • Onsite laundry, good storage and undercover parking available.
  • Good security via CCTV system.
  • 30kw solar system saving approx. $20K per annum on power usage.
  • Close to Cannon Park Racecourse, the Cairns Golf Course and Stocklands Shopping Centre.
  • Trained and reliable staff in place to assist new owner.

The restaurant turnover has increased in the past 12 months and now exceeds $800K – that makes it ideal for an experienced F&B operator OR to sub lease to an experienced chef/restauranteur. This is a real money earner and the current owners have set a realistic price as they are serious about selling

Call Tony today to set sail on your new business venture.

Net Profit: $658,452 for 2019/20

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2609MF (quote when enquiring)

Property Type Business

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Tony Johnson

0433 335 679
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