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193 Sheridan Street, CAIRNS NORTH QLD, 4870

For Sale
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Property for Sale in 193 Sheridan Street, CAIRNS NORTH QLD, 4870

@realty

Servicing NSW, VIC, QLD, WA, NT, SA - National Head Office , Surfers Paradise, QLD 4217

Listing ID:
11371584
Status:
Active
For:
Sale
Last Updated:
27/07/2020
Price:
Sale: $2,500,000
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Property Type

Hotel/Leisure
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Land Area

2033 SQM
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Floor Area

2000 SQM
Icon parking

Parking

N/A

Still Around 100% occupancy!

That’s right, Pacific Cay almost always has the No Vacancy sign out.
This 19 room motel has a steady stream to Government funded clients all year round.
The property features 10 fully self contained one bedroom units, 7 self-contained two-bedroom units and 2 motel suites.
One of the one-bedroom apartments is maintained as the on-site manager's office and residence.
The complex has an in-ground saltwater swimming pool and the grounds are maintained to a high standard.
The complex sits on a rectangular 2,033sqm tourist & residential zoned footprint with 20-metre frontages to both Sheridan and McLeod Streets.
Under management, this property is showing a very healthy 8.3% return on investment.
A husband and wife team or a small family would put the returns well into double digits.
The freehold & the business are priced to sell at $2.5M.
For further information or to arrange an inspection please contact Bruce Holmes (@realty) on 0402 348 695 or Charlie Torrisi (Colliers International) on 0408 006 123

For more details, please email agent


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@realty

Servicing NSW, VIC, QLD, WA, NT, SA - National Head Office , Surfers Paradise, QLD 4217


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