Cardwell, Queensland
Bruce Highway Passive Investment Motel Far North Queensland - 2636MI
INVESTMENT $2,000,000
Business Description
Beautifully presented 40 room resort style freehold 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.
- 8.5 % 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.
- 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.
Annual Rent: $170,149 plus GST (outgoings paid by the Landlord)
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2636MI (quote when enquiring)
Property Code: 5036
Business Summary
Key Investment Insights
Key Insights:
1. High Return on Investment: The motel offers a solid 8.5% return on overall investment, making it a profitable business opportunity.
2. Prime Location: The property is situated on the main road (Bruce Hwy) and is only meters away from the beach, making it a highly visible and convenient location for travelers.
3. Potential for Growth: With 30 out of 40 rooms currently in use, there is potential for investment to increase the number of rooms and further increase profits.
4. Established Repeat Trade: The motel has a strong base of repeat customers, which provides a reliable source of income.
5. Full License: The property has a full tavern license with a bar, providing additional revenue opportunities for the business.
6. Restaurant and Drive-Through Bottle Shop: The motel offers a restaurant for functions and a fully stocked drive-through bottle shop, providing convenience for guests and potential for additional income streams.
7. Beautiful Surroundings: The property boasts a resort-style pool with lush rainforest surrounds and views of the mountains, making it an attractive destination for travelers.
8. Convenient Location: The motel is within walking distance of the beach, supermarket, service station, and other facilities, making it an ideal location for tourists.
9. Family-Friendly Experience: The motel offers a fun and family-friendly experience with excellent service and newly renovated rooms.
10. Popular Tourist Destination: The area is popular for golfing and snorkeling, making it a desirable location for tourists.
11. Close to Major Cities: The property is located 1.5 hours from Townsville and 2 hours from Cairns, providing easy access to major cities.
12. Town Development: The town is currently benefiting from a $54 million dollar foreshore upgrade, which is expected to attract more tourists and potential business opportunities.
13. Piece of Paradise: The area is considered one of North Queensland's best-kept secrets, providing a unique and desirable destination for travelers.
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