Property Description

2630MF - FREEHOLD BLUE CHIP SHERIDAN ST, CAIRNS CORNER MOTEL, FIRST TIME OFFERED IN 43 YEARS

- 21 Rooms (Mixed Configurations)

- Earnings of $244,902 p.a. (as per vendor)

- Strong corner road exposure.

- Great potential to expand with additional land at rear.

- Recently painted.

- Owner retiring after 43 years.

- Owner operated by family.

- Low overheads.

- Owners are 87 years old and shut the office early, missing out on a large number of evening travellers, so occupancy could be lifted to boost earnings.

- 3 bedroom residence, adjacent to unit 1 with possible expansion to 4 bedrooms.

- Separate house on motel site capable of earning $20,800 p.a.

- An adjacent 1,200 sqm can be purchased giving the motel three street frontages, which has two houses currently let for $26,000 p.a. each.

- Owners are 87 years old, and shut the office early missing out on a large number of evening travellers, so occupancy could be lifted to boost earnings.

- Great opportunity to gain cash flow with future Development Opportunities beckoning.

Net Profit: $244,902 for 2018/19

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

Property ID: 2630MF (quote when enquiring)

Property Code: 3543