Tenanted Investment, 17 Room Cairns Motel with Restaurant & Bar, CBD Location.
Phone enquiries - please quote property ID 23637.
Please note, that this is for the sale of the building with two tenants in place (Motel & Restaurant).
This popular motel is located in the heart of Cairns City, in Tropical North Queensland and long-term provides a multitude of possibilities for its prospective buyer. The freehold for this Motel is currently for sale and this motel is perfect for an investor. Currently, there are two leases active the motel and the restaurant/bar, which currently produce over 7% pa return with room to grow.
The long term owners of this motel have invested on a regular basis to ensure that the facilities are in great condition with all rooms containing split system air conditioners. Recent upgrades to the property include a CCTV system and a lock-up garage.
Facility Includes:
Land Size: 1,018 m²
15x Motel Rooms
1 x Self Contained Unit
1 x Managers Unit
1 x Restaurant & Bar
1 x Lock up Garage / Workshop / Storage
1 x Cleaners Storage
Features:
- Swimming Pool
- Coin Laundry
- Tour Desk / Reception
- CCTV
- CBD Location
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