High-performing beachfront Leasehold motel opportunity in North Queensland
CARDWELL, QLD, QLD
Description
Price Reduced High-performing beachfront Leasehold motel opportunity in North Queensland Ideally located in the coastal town of Cardwell, this beachfront motel offers consistent repeat clientele and a great rent to Net profit ratio. The property comprises 12 freshly refurbished rooms with all the necessary inclusions to make this a preferred stopover for both corporate and leisure guests. Such inclusions include varying room sizes, air-conditioning, ample off-street parking, a swimming pool, a barbecue area and stunning views over Rockingham Bay and Hinchinbrook Island. With a brand new 30 years on the lease, this leasehold property shows a long period of continued growth and stability. So, contact us today for further information. Large 1,702sqm land area Easily operated by a couple Refurbished with no money to spend Enjoy the climate and relaxed beach lifestyle of Cardwell Prominent, highly visible main road location with easy direct access Consistent performer showing growth over the last few years Property inspections are by appointment only
Financials
- Asking price
- $450,000
- Net profit
- $155,628
- Revenue
- —
- Profit multiple
- 2.89x
- Revenue multiple
- —
Agent
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