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

Marketing Agent

Antonio Curulli

0488 03....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

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.