Summary
35 rooms leasehold motel is for sale in Cairns QLD. It has minimal running cost. Cash flrow is huge. ROI is 40% plus with under manamgent. It is a great oportunity for passive investors.
Revenue
$1,100,000 pa
Rent
$320,000 pa
Expenses
$650,000 pa
Net Profit
$450,000 pa
Location Details
Queensland
Located in CaIRNS, only 15 minutes from Cairns airport and 10 minute drive from CBD.
It presents 35 rooms, two bedroom manager residence, and alarge restaruant ( currently closed).
Potential
It has a restaruant onsite. You can reopen a or lease it out. You will have additional 70Kpa income if you chose to lease it out.
Skills
it is under management, you do not have to work there.
Hours
investor will not work. it is a passive investment.
Lease
20 year lease. it can be longer, depending on the negotiation
Employees
One care taker lives onsite
One casual gardener.
Reason for Sale
investing in a larger project
About the Business
long term motel accommodation bussines,
It has a consistent occupancy, very easy to manage.
We have multiple motels for sale in the region. For further details, please email to [email protected]
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