LEASEHOLD MOTEL ON VERY GOOD LOCATION

ID #commercial43

Property details

CategoryHotels/Motels
Annual rent / lease
135.000,- plus outgoings
Return on Investment
30% pa
Current Lease Ends
2040
Location574 Mulgrave Road
Cairns
QLD
For sale$ 420.000,-



Leasehold Motel located on the (Bruce Highway) main road into Cairns with a very strong repeated corporate clientele.
This is one of the cleanest well presented Motels I have seen in a long time.
Suitable and ideal to be run by a couple which will provide a good Return on investment.

* Swimming pool
* Restaurant onsite
* Spacious 2 bedroom managers apartment attached to the office/reception
* 20 newly upgraded and decorated rooms (incl. 55 inch smart tv's)
* Foxtel in all rooms
* NBN WIFI
* Guest Laundry
* Off street Parking
* 21 year on the lease
* Turnover 500K plus
* Nett profit >130K after wages



Inspection will not disappoint

Consultant details

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