Cardwell, Queensland
21 year Leasehold with Great Passing Traffic and Multiple Income Streams - 2636ML
UNDER CONTRACT
Business Description
Beautifully presented 40 room resort style leasehold motel, across from the beach at Cardwell, home of Hinchinbrook Island.
The property is conveniently located on the main road (Bruce Hwy) travelling north or south through Cardwell, only meters from the beach. The gorgeous beachside town of Cardwell is situated 1.5 hours north of Townsville and 2 hours south of Cairns.
Recently upgraded rooms, full tavern license with bar and restaurant, and fully stocked drive through bottle shop, this motel is ready for the next phase of its growth.
Ideally suited to a husband and wife team, with immediate potential to either work the restaurant or lease it out for immediate income.
Currently netting $235,038 it is well priced at $900,000 with a ROI of 27%.
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2636ML (quote when enquiring)
Property Code: 3607
Business Summary
Key Investment Insights
1. Beautifully presented 40 room resort style leasehold motel
2. Prime location across from the beach in Cardwell, home of Hinchinbrook Island
3. Conveniently located on the main road (Bruce Hwy) between Townsville and Cairns
4. Recently upgraded rooms for modern and attractive accommodation
5. Full tavern license with bar and restaurant, and fully stocked drive through bottle shop
6. Potential for immediate income by leasing out the restaurant or running it as a husband and wife team
7. Strong netting of $235,038 and well-priced at $900,000 with a ROI of 27%
8. Contact Antonio Curulli from Tourism Brokers for further information and to arrange an inspection
9. Property ID: 2636ML (quote when enquiring)
10. Property Code: 3607
