Gilligan’s Resort

Key Investment Insights

1. Prime location in the heart of Cairns CBD, offering convenience and accessibility to tourists and locals alike.
2. Large and versatile property with a total area of 10,531sqm and dual street frontage, providing potential for further development and expansion.
3. Highly profitable business with 120 ensuited rooms and 705 beds, with the potential for an additional 47 beds as approved by authorities.
4. Valuable asset of 40 gaming authorities, providing a steady source of income.
5. Additional income from secure rental income from central CBD retail space.
6. Includes one of Australia's longest running and well-known markets, adding to the overall appeal and potential of the business.
7. Strong reputation and track record as an award-winning hotel and resort, attracting a steady stream of customers and generating high profits.
8. Opportunity for new owners to further improve and expand the business, taking advantage of the growing tourism industry in Cairns.
9. Closing date of 23rd October, 2024 at 4PM provides a sense of urgency for potential buyers to act quickly.
10. Overall, a rare and highly desirable opportunity to acquire a successful and established business in a prime location with multiple income streams and potential for growth.