Cairns City, Queensland
2654ML - 41% ROI, 33 ROOMS, EASILY MANAGED MOTEL IN CENTRAL CAIRNS
Under Contract / Offer
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