This is a beautifully presented Hotel with 90 years of history, located in Far North Queensland Cane Farming town demonstrating strong financials and easily run by a couple assisted with one to two casual staff.
This hotel has been run by a Husband-and-Wife team for the last two years, who has diligently ensured that everything has been done to maintain its character and performance.
Strong local patronage for both food and drink as well as take away liquor, commercial kitchen with a classical Pub Grub menu makes this Hotel an excellent investment for any Husband-and-Wife team.
Three bedroom manager’s quarters adjoining the hotel and nine hotel rooms ready and earning income.
All of this plus increasing the marketing of the Hotel can see more growth through the capturing of tourists travelling through the Region.
Currently there are two casual staff in place to make running this hotel a breeze along with the current operator. A working couple can easily reduce the staff by one adding to the Net Profit.
This will suit couples and family with teenage children looking for a change in a tight knit community only 20 minutes from a large regional far North Queensland town, with private colleges, large hospital, Coles, Woolworths, Kmart, McDonalds, KFC and Hungry Jacks.
For Sale is either the Lease for $210,000, with a Long Term Lease of 10 x 10 set at $600 (plus GST) a week including Rates, Insurance and Water.
Alternatively, the entire Hotel Freehold is for Sale for $810,000 + SAV.
Net Profit: $100,212 Average
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 84HL (quote when enquiring)
Property Code: 3971