191 Sheridan Street, Cairns North, QLD 4870
Last updated: 20th January 2023
Listing ID: 32733
- 6 Parking spaces
- 1018.0m2 Floor area
- 1018.0m2 Land area
Tenanted Investment, 17 Room Cairns Motel with Restaurant & Bar, CBD Location.
Phone enquiries - please quote property ID 23637.
Please note, that this is for the sale of the building with two tenants in place (Motel & Restaurant).
This popular motel is located in the heart of Cairns City, in Tropical North Queensland and long-term provides a multitude of possibilities for its prospective buyer. The freehold for this Motel is currently for sale and this motel is perfect for an investor. Currently, there are two leases active the motel and the restaurant/bar, which currently produce over 7% pa return with room to grow.
The long term owners of this motel have invested on a regular basis to ensure that the facilities are in great condition with all rooms containing split system air conditioners. Recent upgrades to the property include a CCTV system and a lock-up garage.
Land Size: 1,018 m²
15x Motel Rooms
1 x Self Contained Unit
1 x Managers Unit
1 x Restaurant & Bar
1 x Lock up Garage / Workshop / Storage
1 x Cleaners Storage
- Swimming Pool
- Coin Laundry
- Tour Desk / Reception
- CBD Location
DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.
This property is very walkable with most errands able to be accomplished on foot. Great for getting chores done over lunchtime. Seek out the lunch and coffee options close by. There is some transit available from here with a few nearby public transportation options.
- Walker's Paradise
- Daily errands do not require a car
- Very Walkable
- Most errands can be accomplished on foot
- Somewhat Walkable
- Some errands can be accomplished on foot
- Car Dependent
- Most errands require a car
- Car Dependent
- Almost all errands require a car
- Rider's Paradise
- World-class public transportation
- Excellent Transit
- Transit is convenient for most trips
- Good Transit
- Many nearby public transportation options
- Some Transit
- A few nearby public transportation options
- Minimal Transit
- It is possible to get on a bus