FREEHOLD INVESTMENT OF ICONIC CAIRNS MOTEL, 81 ROOMS WITH LONG LEASE IN PLACE FOR SALE.
As EXCLUSIVE Brokers, we are very pleased to have been appointed to market the freehold passive investment of one of Cairns City’s iconic Motel properties.
This is a very rare offering of a high quality and high performing Motel property within the Cairns environs.
The property is situated on Sheridan Street, only a short walk to the CBD, and boasts outstanding street appeal.
There is a good mix of room types ranging from Budget through to 4 star premier and studio rooms.
There is a small restaurant onsite and the tenant has recently obtained a liquor license and opened a small poolside bar.
The outside of the whole Motel has just been completely repainted, and the Tenant has embarked on an internal repainting schedule as well.
With a very well performing Tenant in place, coupled with a secure long lease, this is truly an excellent opportunity for an investor