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

SOLD

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)

Price	SOLD
Location	Cairns City
Property ID	2654ML
Category	Motel

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If you are a genuine Prospective Purchaser or Lessee, and you would like to obtain additional information in respect of any listing ofTourism Brokers it is a requirement that you agree to this Confidentiality Agreement below in order to request information on a property. Tourism Brokers will respect the discreet nature of your enquiry, as we do for all our clients.

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