Cairns City, Queensland

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

Under Contract / Offer

Property 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

Property Summary

Motel Information

Marketing Agent
Antonio Curulli
Antonio Curulli

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

Yeppoon - Ocean View Management Rights - 1P5372MR
Edge of Town Beauty, Toowoomba Leasehold Motel | Resort Brokers ID : LH006963
Lake Wallace Hotel - 1P5370
Blue Whale Motor Inn & Apartments - 1P5368M
2677MF - A LIFESTYLE RESORT AND BUSH RETREAT ‘OFF THE GRID’
Business For Sale - Large Permanent Management Rights - ID 7992 BL
BIG 4 HERVEY BAY HOLIDAY PARK
Management/Letting Rights Complex in Park Ridge - close to Browns Plains Shopping and Commercial Hub - 1P5367MR
OUTSTANDING LARGE SCALE CARAVAN PARK IN CENTRAL QLD FOR SALE!
Blue Chip Permanent Management Rights in Australia's Beef Capital City Hot Spot - 1P4271MR
Rare DA approved site in thriving coastal regional town demands your attention! | Resort Brokers ID : FH006958
EXCELLENT OPPORTUNITY FOR A NEW LEASEHOLD MOTEL IN NSW SOUTH COAST
The best property in Port Macquarie - An outstanding investment opportunity | Resort Brokers ID : MR006942
Excellent location, well maintained, this business will impress  | Resort Brokers ID : MR006957
Caretaking Only! Off the Plan! No real estate to purchase! | Resort Brokers ID : OTP006943
The best property in Port Macquarie - An outstanding investment opportunity | Resort Brokers ID : FH006962
Permanent business only management rights brisbane northside | Resort Brokers ID : MRB006964
83HF - 100 YEAR ANNIVERSARY 2024, GET ON FOR A RIDE BACK IN HISTORY