Cairns City, Queensland
2654ML - 41% ROI, 33 ROOMS, EASILY MANAGED MOTEL IN CENTRAL CAIRNS
SOLD
Business Description
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)
Property Code: 3783
Business Summary
Key Investment Insights
1. Prime location in Cairns, Far North Queensland.
2. High occupancy rate of over 85%.
3. Recently refurbished 33 apartment motel.
4. Easy to manage with 2 reception staff in place.
5. Center of town location with easy access to restaurants, hotels, and attractions.
6. High quality 4-star property.
7. Mix of corporate and local clients as well as passing trade.
8. Strong return business with great reviews on Trip Advisor and Booking.com.
9. Net profit of $344,000 in 2020/2021 with little COVID effect.
10. Priced to sell at $840,000, reflecting a return on investment of 41%.
11. Generous 20-year lease offered to the buyer.
12. Initial rental of $240,000 per year plus GST and outgoings, indexed to CPI.
13. Net profit of $341,000 for 2019/20.
14. Opportunity for growth and potential to increase profits.
15. Easy and relaxed lifestyle for two active owners.
16. Opportunity for a Motelier to step up to the next challenge.
17. Solid and reliable money-making opportunity.
18. Strong established return business.
19. Potential to increase occupancy and revenue.
20. Well worth an inspection.
