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2630mf - Freehold Blue Chip Sheridan St, Cairns Corner Motel, First Time Offered In 43 Years For Sale

Cairns City, Queensland, Australia
Asking Price:
Expressions of Interest (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

- 21Rooms (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

EOI: Closes 5pm Wednesday 28th October 2020

Submit all EOI in writing to:
Tourism Brokers

32-34 Lamorna Ave, Beecroft NSW 2119

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

Property ID: 2630MF (quote when enquiring)

Property Code: 3543

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