Cardwell, Queensland
Bruce Highway Passive Investment Motel Far North Queensland - 2636MI
UNDER CONTRACT
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 business offers a solid 8.5% return on overall investment, making it a profitable opportunity for potential buyers.
2. Beautifully Presented Resort: The 40 room resort is well-maintained and has been recently repainted, with upgrades completed. This makes it an attractive option for guests and potential buyers.
3. Prime Location: The property is located on the main road (Bruce Hwy) and is only meters away from the beach, making it easily accessible for travelers. The town of Cardwell is also conveniently situated between Townsville and Cairns, making it a popular stop for tourists.
4. Reliable Staff: The business has a solid team of reliable staff, providing a stable foundation for potential buyers to take over and continue operations smoothly.
5. Full Tavern License: The business has a full tavern license, allowing for the operation of a bar and pool table. This adds an additional source of income for the business.
6. Multiple Revenue Streams: The business offers a range of services including a restaurant, drive-through bottle shop, and resort-style pool. This provides multiple revenue streams and opportunities for growth.
7. Convenient Location: The property is only minutes away from various amenities such as the beach, supermarket, service station, and tourist information center. This makes it a convenient and attractive option for guests.
8. Family-Friendly Experience: The business offers a fun and family-friendly experience with excellent service and newly renovated rooms. This makes it a popular choice for families and can attract repeat customers.
9. Upcoming Development: The town is set to benefit from a $54 million dollar foreshore upgrade, which could potentially increase tourism and business opportunities in the area.
10. Popular Tourist Destination: The area is popular for golfing and snorkeling, making it a desirable destination for tourists. This adds to the potential for growth and success of the business.
