Lucinda, Queensland

2659ML - ABSOLUTE WATER FRONTAGE LEASEHOLD WITH ENORMOUS POTENTIAL TO IMPROVE

LEASEHOLD $750,000

Property Description

Tourism Brokers are pleased to present for sale the Leasehold Going Concern interest ofa Far North Queensland Resort.

The Resort is located in Far North Queensland’s Cassowary Coast and offers 31 rooms at a four-star resort motel accommodation level with million-dollar views of the outlying islands inside the Barrier Reef.

The Resort is absolute True Waterfront Accommodation right on beachfront, with million-dollar views staring directly at Islands off the coast.

Also, it is the perfect place for all types of activities like fishing, boating, bird watching, swimming at the nearby waterfalls on the island, crabbing, fishing at the nearby Reefs and Islands, croc spotting or just cruising the Channels nearby.

The Resort is the perfect getaway for company retreats, conferences, weddings, family reunions and other special events.

It is also a gateway to renowned sandy beaches, wildlife and walking tracks, as well as snorkelling, diving on the Great Barrier Reef and whale watching.

The property comprises:

1. Conference Centre and Alfresco area overlooking the water

2. Convenience & Tackle Store

3. 11 Cabins and 20 Hotel Style Rooms

4. Infinity Pool

5. Boat Ramp

6. An comfortable 3 bedroom Manager’s residence

Tremendous opportunity for experienced Hotelier to expand the Conference Centre and open the Alfresco to a fully blown restaurant.

The Resort has seen substantial investment in infrastructure and rooms over the last three years, ensuring that an incoming leaseholder has very little to do for at least the next 7-10 years.

With an annual lease of $200,000 PA plus GST and outgoings, it represents great leasing for an absolute beachfront resorts at $6,500 PA rental per Room.

With room tariffs only $150 a night, this Leasehold’s annual Net Adjusted Profit is a healthy $279,000 per annum and represents a Return on Investment of 37.5%.

Net Profit: $279,235 for 2020/21

Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2659ML (quote when enquiring)

Property Code: 3888

Property Summary

Motel Information

Marketing Agent
Antonio Curulli
Antonio Curulli

Listing location
Gallery

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