North Cairns, Queensland
Freehold Investment Opportunity Sale by Private Treaty
$12,000,000
Business Description
Off Market Group is pleased to present exclusively this unique investment opportunity: a well-established freehold hotel located in a vibrant tourism hotspot in Queensland. This property is perfectly positioned to capitalize on the region’s thriving tourism and hospitality market, making it an attractive venture for both seasoned investors and those entering the industry.
The property is located on two lots forming an L-shaped parcel, with 2 street frontage. One being a main arterial road (highway one). The complex consists of three blocks, over 3,564m² of land. The property offers a total of 81 rooms, with accommodations ranging from Budget Rooms with shared amenities to larger Premier and Studio Rooms with kitchen facilities. Net profit for the operation as a going concern is circa $1.2m.
Key features of the property include reception area with an office, lounge, and manager’s quarters. Dining and kitchen facilities, with an adjacent dining room supported by a commercial kitchen. Recreational amenities include an inground swimming pool, bar servery, and BBQ facilities. Additional facilities include guest laundry, house laundry, workshop, and storage areas.
Overall, the property is recognized as a well-established operation, boasting a diverse range of accommodations and demonstrating strong trade performance and profitability in recent years, supported by a progressive refurbishment that has earned it a 3.5 to 4-star rating.
The total complex 81 rooms - Budget Rooms with shared amenities (12), Motel Rooms style suites (42), Interconnecting Rooms (6), Premier Rooms (13) and Studio Room with kitchen facilities (8)
This freehold hotel not only represents a solid financial investment but also the chance to be part of Queensland’s dynamic hospitality scene. WE INVITE YOU TO EXPLORE THIS EXCEPTIONAL OPPORTUNITY
FURTHER!
Property Highlights
**Prime Location** Situated in a bustling highway location, CBD fringe, proximity to major attractions, dining, transport links & airport.
**Established Reputation** The hotel boasts a strong track record of profitability, supported by loyal clientele, government, tourism and excellent online reviews.
**Diverse Revenue Streams** The property features a mix of accommodation options, dining facilities, enhancing its appeal and revenue potential.
**Potential for Growth** With ongoing urban development in the area, increased tourism, and there are ample opportunities to expand services and stabilize occupancy rates.
Business Summary
Key Investment Insights
1. Prime location with 2 street frontage on a main arterial road and proximity to major attractions, dining, transport links, and airport.
2. Well-established operation with a diverse range of accommodations and strong track record of profitability.
3. Multiple revenue streams including accommodations, dining facilities, and recreational amenities.
4. Potential for growth with ongoing urban development in the area and increased tourism.
5. Loyal clientele and positive online reviews contribute to the property's established reputation.
6. Property features a mix of accommodation options, catering to a wide range of clientele.
7. Manager's quarters and reception area with office provide on-site management and convenience.
8. Recreational amenities such as an inground swimming pool, bar servery, and BBQ facilities enhance guest experience.
9. Opportunity to expand services and stabilize occupancy rates with ample room for growth.
10. Progressive refurbishment has earned the property a 3.5 to 4-star rating, showcasing its commitment to quality and guest satisfaction.
