450 Mulgrave Road, Cairns City, Queensland
QLD Tourism Capital Hotel For Sale
Expression of Interest
HTL Property, acting as exclusive agency, is pleased to present for sale Cairns Southside International via an Expression of Interest.
Key investment highlights include:
• Full-service hotel offering 62 guest suites including serviced apartments
• Facilities include an open plan spacious restaurant, lounge and bar, pool side dining, swimming pool, waterslide and more
• Positioned upon a significant 4,011sqm* land parcel with development upside (STCA)
• Opportunity to purchase the two adjacent residential lots (1,363 sqm total)
• Boasting a city fringe location, only 6 minutes’ drive to Cairns CBD
• Strategically located close to shopping centres, medical facilities, hotels/clubs, restaurants/café’s, local sporting facilities and tourist attractions.
• Underlying land value due to favourable zoning; current DA with council
• Opportunity to reposition the asset by way of rebranding and refurbishment
• Cairns is serviced by both Domestic and International Airports
Key Investment Insights1. Full-service hotel with 62 guest suites, including serviced apartments.
2. Multiple facilities, including a restaurant, lounge, bar, pool side dining, and swimming pool with waterslide.
3. Significant land parcel of 4,011sqm with potential for development (subject to council approval).
4. Option to purchase two adjacent residential lots for additional development potential.
5. Located just 6 minutes' drive from Cairns CBD.
6. Close proximity to shopping centers, medical facilities, hotels/clubs, restaurants/cafes, and tourist attractions.
7. Favorable zoning and current development approval from council.
8. Opportunity for rebranding and refurbishment to enhance the asset.
9. Cairns is serviced by both domestic and international airports, providing easy access for tourists.
10. Strong underlying land value in the area.