Cardwell, Queensland
Coastal Motel with Enormous Potential - 2636MF
FREEHOLD $2.95M + SAV
Business Description
Beautifully presented 40 room resort style freehold motel, across from the beach at Cardwell, home of Hinchinbrook Island.
Cardwell at the Beach 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.
- 13.75 % Return on Overall Investment with huge upside.
- 40 room resort (30 in use, small investment to increase back to 40 room) - repainted in 2020, considerable upgrades complete.
- Profile position with huge repeat trade across from the beach.
- Solid reliable staff.
- 4 bedroom executive residence.
- Full tavern license with bar. Grab your buddies and come rack up a game of pool.
- Restaurant (currently operated only for functions), and fully stocked drive through bottle shop, resort style pool (beautiful year-round outdoor saltwater pool with gorgeous, lush rainforest surrounds and views of the mountains).
- Landscaped gardens and lawns.
- Only minutes’ walk from the beach, supermarket (opposite IGA for a local grocery store), service station, tourist information centre, boat ramp, jetty and all other facilities.
- Close to town centre and spa pools.
- Offers a fun family-friendly experience with excellent service and newly renovated rooms.
- One of North Queensland’s best-kept secrets!
- 1.5 hours to Townsville, 2 hours south of Cairns.
- Town benefiting from $54 million dollar foreshore upgrade.
- Piece of paradise - area is popular for golfing and snorkelling.
- Ideally suited to a Husband-and-wife team, with immediate potential to either work the restaurant or lease it out for immediate income.
Net Profit: $380,038 for 2023/24
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2636MF (quote when enquiring)
Property Code: 5034
Business Summary
Key Investment Insights
1. High return on investment with potential for even greater returns.
2. Well-maintained and upgraded 40 room resort with potential to increase to 40 rooms.
3. Prime location across from the beach and in a popular tourist destination.
4. Established and reliable staff in place.
5. Includes a 4 bedroom executive residence.
6. Full tavern license and restaurant with potential for additional income.
7. Beautiful resort-style pool and landscaped gardens.
8. Conveniently located near local amenities and popular tourist attractions.
9. Family-friendly experience with excellent service and newly renovated rooms.
10. Located in a popular and growing area with potential for further development.
11. Ideally suited for a husband-and-wife team to run the business.
12. Close proximity to major cities such as Townsville and Cairns.
13. Town undergoing significant upgrades and improvements.
14. Popular destination for golfing and snorkelling.
15. Potential to lease out the restaurant for immediate income.
