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