Cairns City, Queensland
2676MF - LARGE 91 ROOM FREEHOLD MOTEL IN CENTRAL CAIRNS
Your very own Motel in Paradise here in Cairns, Far North Queensland, turning over $25,000 per week, solidly booked all year round and currently only averaging 45 % Occupancy.
- 90 + 1 room recently refurbished motel rooms.
- 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 two 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 self-rated 3 star property.
- A good mix of corporate and local clients as well as passing trade with plenty of opportunity for growth.
A total of 91 rooms, including 25 budget units, 30 standard units, 19 resort rooms, 11 family rooms, 5 two-bedroom apartments.
This represents around $87,350 per motel room for a central Cairns location, where one bedroom apartments are now fetching close to $200,000 each.
With recent comparable sales per motel unit of $118,000, the current price for Cairns Rainbow Resort represents a 27 % discount to market, and around 45 % discount to market replacement.
Net Profit: $951,381 for 2018/19 (Pre-COVID)
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2676MF (quote when enquiring)
Property Code: 3963