450 Mulgrave Road, Cairns City, Queensland

QLD Tourism Capital Hotel For Sale

SOLD

Business Description

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

Business Summary

Marketing Agent
Paul Nyholt
Paul Nyholt

Nic Simarro
Nic Simarro

Key Investment Insights

1. Full-service hotel with 62 guest suites and serviced apartments.
2. Prime location on a significant 4,011sqm land parcel with development potential (STCA).
3. Additional opportunity to purchase two adjacent residential lots totaling 1,363 sqm.
4. Convenient city fringe location, only 6 minutes' drive to Cairns CBD.
5. Close proximity to shopping centers, medical facilities, hotels/clubs, restaurants/cafes, and tourist attractions.
6. Favorable zoning and current DA with council, providing underlying land value.
7. Potential for repositioning the asset through rebranding and refurbishment.
8. Cairns is serviced by both Domestic and International Airports, providing easy access for tourists.
9. Facilities include a spacious restaurant, lounge and bar, poolside dining, swimming pool, and waterslide.
10. Strategic location near local sporting facilities, making it an ideal choice for sports teams and events.
Listing location
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This Business is sold

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