North Cairns, Queensland
Freehold Investment Opportunity Sale by Private Treaty
SOLD
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 in a vibrant tourism hotspot in Queensland, with 2 street frontage and close proximity to major attractions, dining, and transport links.
2. Well-established operation with a diverse range of accommodations, including Budget Rooms, Motel Rooms, Interconnecting Rooms, Premier Rooms, and Studio Rooms.
3. Strong track record of profitability, supported by loyal clientele, government, and tourism.
4. Multiple revenue streams, including accommodations, dining facilities, and recreational amenities.
5. Potential for growth with ongoing urban development in the area and increased tourism.
6. Progressive refurbishment has earned the property a 3.5 to 4-star rating.
7. Net profit for the operation as a going concern is circa $1.2m.
8. Reception area with an office, lounge, and manager’s quarters.
9. Dining and kitchen facilities, with an adjacent dining room supported by a commercial kitchen.
10. Recreational amenities include an inground swimming pool, bar servery, and BBQ facilities.
11. Additional facilities include guest laundry, house laundry, workshop, and storage areas.
12. Opportunity to be part of Queensland’s dynamic hospitality scene.
13. Potential to expand services and stabilize occupancy rates.
14. Perfectly positioned to capitalize on the region’s thriving tourism and hospitality market.
15. Freehold property consisting of three blocks over 3,564m² of land.
16. Boasts a strong reputation and excellent online reviews.
17. Invites further exploration of this exceptional investment opportunity.
