RARE FREEHOLD PASSIVE MOTEL INVESTMENT RETURNING $391,720 PER ANNUM | Resort Brokers ID : INV008191
$4,900,000
Motel (Freehold) hospitality, Cairns North QLD
ResortBrokers are proud to exclusively bring to the market this rare and exceptional investment opportunity of the freehold passive investment of the Reef Palms Motel in Cairns.
This 42 room motel is located midway between the Cairns International airport and the CBD and caters to both the corporate and tourism market with its diverse range of rooms available to the travelling public.
Located on 2,622m2 the motel also features a large reception area, guest laundry, large swimming pool and barbecue area.
The lease agreement has 17 years remaining and annual rental is linked to CPI annually.
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Net rental return of $391,720 returning circa 8% annual return
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17 years remaining on lease
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Tenant pays all outgoings
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Great location close to the CBD and Cairns Esplanade
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Inspection by appointment only
Date updated: 26 Apr 2024 23:00:02
More Information
- Total Purchase Price: $4,900,000
- Net Income: $ 391,720
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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Number of units the manager is authorised to manage.
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The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
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The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?