2609MF - CAIRNS FREEHOLD MOTEL WITH 17% ROI

SOLD

4,600 m2

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)

Price	SOLD
Location	Cairns City
Property ID	2609MF
Category

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