, Cairns QLD

For Sale

Accommodation/Tourism

SOLD

Description: North Queensland resort. Stunning property 100 metres to water. Short walk to city CBD. Beautiful refurbishment. Outstanding corporate facilities. Very rare offering.
AAA Rating: 4 star inspection
Construction: Brick & timber with iron roof. All brick partition walls. Undercover parking. Resort style pool, spa and BBQ area. Excellent variation in room sizes ranging from medium to large suites.
Residence: One bedroom managers unit with kitchenette and bathroom. Spacious balcony with views to water.
Age: Built 1975 approx.
Clientele: International and local tourists, reps, convention trade, wedding and party groups, local workers.
Land Area: 4050sqm approx.
Tariffs: Single $165 - $265; Double $165 - $265; Extra Person $20 - $30
Chain Affiliation: No
Lease: New 30 year term. Rent $980,000
Laundry: Full commercial on site plus guest laundry.
Restaurant: Up to 200 seat bar and grill.
Services: Room service, bar & grill restaurant, large convention and wedding facilities, resort style pool, broadband, undercover parking, walk to CBD, fire rated.
Turnover: $4,800,000
Occupancy: 80% approx
Comment: The property has undergone extensive refurbishment over the last few years. In excess of $6.5m spent. Excellent location within the CBD. Large land area with 3 street frontage. This is a well known property with a strong consistent revenue.