Cairns City

FREEHOLD - PRICE ON APPLICATION

2630MF - FREEHOLD BLUE CHIP SHERIDAN ST, CAIRNS CORNER MOTEL, FIRST TIME OFFERED IN 43 YEARS

  • 21 Rooms (Mixed Configurations)
  • Earnings of $244,902 p.a. (as per vendor)
  • Strong corner road exposure.
  • Great potential to expand with additional land at rear.
  • Recently painted.
  • Owner retiring after 43 years.
  • Owner operated by family.
  • Low overheads.
  • Owners are 87 years old and shut the office early, missing out on a large number of evening travellers, so occupancy could be lifted to boost earnings.
  • 3 bedroom residence, adjacent to unit 1 with possible expansion to 4 bedrooms.
  • Separate house on motel site capable of earning $20,800 p.a.
  • An adjacent 1,200 sqm can be purchased giving the motel three street frontages, which has two houses currently let for $26,000 p.a. each.
  • Owners are 87 years old, and shut the office early missing out on a large number of evening travellers, so occupancy could be lifted to boost earnings.
  • Great opportunity to gain cash flow with future Development Opportunities beckoning.

Net Profit: $244,902 for 2018/19

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

Property ID: 2630MF (quote when enquiring)

Property Type business

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Antonio Curulli

0488 030 853
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