Location Woree QLD
Date Listed 5th October, 2019
Listing ID 6692
Leasehold Motel Business with High Yield
The immaculate motel on approx. 4,600 sqm has a reception/guest lounge, large swimming pool, covered parking, house and guest laundry, extensive tropical landscaping, manager’s residence and many other features. Applications are in place for the construction of another 22 rooms and a chapel. Located about 5 km from Cairns CBD, the business is close to the Stocklands Shopping Centre, Cannon Park Race Course and Cairns Golf Course. Due to these features, quality of the premises and the proximity of the motel to important local attractions and the Cairns CBD, the motel has strong repeat corporate clientele.
The detached restaurant has a commercial kitchen and separate bar. Refurbished in 2018, this profitable restaurant is an upmarket Asian restaurant with an outstanding reputation among its local and Asian clientele. Total net profits of the motel and restaurant for the past 12 months $399,186.