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2609mf - Is This Cairns Business Covid Proof? For Sale

Cairns City, Queensland, Australia
Asking Price:
Freehold $3,998,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

This motel has bucked the trend of poor performance in FNQ and done amazing trade considering the travel restrictions and no International travellers. Yes, the RevPar is down but with 69% occupancy for 2019/20 and 78% this financial year this has to be one of the more COVID proof accommodation businesses in FNQ.

On offer is a freehold going concern motel on over 4,600m2 land that has been extensively renovated over the past 4-5 years and now presents as a solid 3.5 star motel and upmarket restaurant with regular local trade.

Main points of interest are:
- First motel within the town limits as you enter Cairns from the South.

- 36 rooms of various configuration all upgraded in past 4 years.

- Fully functional and profitable restaurant with liquor license.

- Onsite pool, kids playground and barbeque area.

- 2 bedroom owner’s residence plus small studio unit for manager/staff.

- Onsite laundry, good storage and undercover parking available.

- Good security via CCTV system.

- 30kw solar system saving approx. $20K per annum on power usage.

- Close to Cannon Park Racecourse, the Cairns Golf Course and Stocklands Shopping Centre.

- Trained and reliable staff in place to assist new owner.

Do not be fooled into thinking the market in FNQ is quiet- this is a real money earner and the current owners have set a realistic price as they are serious about selling.

Call Tony today to set sail on your new business venture.

Net Profit: $640,000 (unaudited

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2609MF (quote when enquiring)

Property Code: 3355

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