SUPERB LOCATION IN CENTRAL CAIRNS, EASY TO RUN 53 ROOM MOTEL - 2719MF
(no street name provided), Cairns City QLD 4870
UNDER CONTRACT
BusinessSize: n/a
Tourism Brokers is delighted to present for sale the Comfort Inn Cairns City. This strategically located property in the heart of Cairns offers a strong cash flow - even in the face of COVID - off the back of substantial trading with hospital patients and guests given its close proximity to the Cairns Hospital. This motel is close to the beach and busy tourist esplanade, with restaurants and other facilities and a short walk to the city centre. Cairns International Airport is only a 7 minute drive away.
Constructed from brick and tile construction, this Motel was built in the 1980's and is well presented with 53 fully refurbished 4 star rooms (2016) servicing Tourists, Corporate reps, Conferencing, and Hospital clientele.
- Currently with Comfort Inn Brand (4.4% Revenue and 1% marketing), bringing in strong corporate referrals 6 months notice required to opt out of the brand, if you wished to fly solo.
- Total land area of 3,559 m2, with additional land for expanding with DA approved for 14 extra units.
- Rates are seasonal but upwards from $130.
- A full laundry is included, however currently all linen is hired locally.
- A Chinese Restaurant is currently being leased out at $40,000 Per Annum.
- Facilities include room service, licensed bar, two pools, barbeque, Wi-Fi and ample off-street parking.
- An expansive two bedroom manager's residence suitable for a couple.
- Fully refurbished and well located.
- Operated under full management, with potential for incoming owner/manager to save $150,000 in wages if self-managed.
- 2023 Figures EBTIDA of $1,016,402, representing a solid Return on Investment on Motel Only, and 10.85% overall.
The Motel includes a DA approved parcel of land valued at $800,000, which has approval for 14 more motel units, if we take this into consideration the motel only ROI is running at 11.85%.
Net Profit: $1,016,402 for 2022/23
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2719MF (quote when enquiring)
Property Code: 4600
Constructed from brick and tile construction, this Motel was built in the 1980's and is well presented with 53 fully refurbished 4 star rooms (2016) servicing Tourists, Corporate reps, Conferencing, and Hospital clientele.
- Currently with Comfort Inn Brand (4.4% Revenue and 1% marketing), bringing in strong corporate referrals 6 months notice required to opt out of the brand, if you wished to fly solo.
- Total land area of 3,559 m2, with additional land for expanding with DA approved for 14 extra units.
- Rates are seasonal but upwards from $130.
- A full laundry is included, however currently all linen is hired locally.
- A Chinese Restaurant is currently being leased out at $40,000 Per Annum.
- Facilities include room service, licensed bar, two pools, barbeque, Wi-Fi and ample off-street parking.
- An expansive two bedroom manager's residence suitable for a couple.
- Fully refurbished and well located.
- Operated under full management, with potential for incoming owner/manager to save $150,000 in wages if self-managed.
- 2023 Figures EBTIDA of $1,016,402, representing a solid Return on Investment on Motel Only, and 10.85% overall.
The Motel includes a DA approved parcel of land valued at $800,000, which has approval for 14 more motel units, if we take this into consideration the motel only ROI is running at 11.85%.
Net Profit: $1,016,402 for 2022/23
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2719MF (quote when enquiring)
Property Code: 4600
Inspections
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Key details
Property type:
Business
Other Details
Property history
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SummaryMedian sales
Average Age
44 years
Population
3,616
Listing ID: 181671214. This listing has been viewed 4 times. It was first displayed on 01/06/2023 and last updated on 24/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.