5.5 --> 6.2% yield, Development Approval for significant expansion
Sheridan St Frontage
- #172Property ID:
- 3329m2Land
Sheridan St
Cairns QLD 4870
Cairns QLD 4870
Awarded Tropical North Queensland Tourism Award for Standard Accommodation in 2007. 3.5 Star Accommodation minutes away from Cairns City Centre & Airport. 46 Standard guest rooms with standard 2 person configurations to Family 4 person, and Studio apartments from 2 to 5 persons. In addition to the main premises the business also provides 10 comfortable studio apartments with kitchenettes and 2 budget poolside villas being perfect for families, long stay visitors or the budget traveller.
The premises feature an open plan design set amidst tropical landscaped gardens and is built with the extensive use of natural timbers. There is a large open plan outdoor restaurant and unique Irish Bar is a popular meeting place being a genuine reproduction of a Victorian Dublin pub. Freeform swimming pool surrounded by bush rock and Pandanus palms with and expansive covered timber deck.
In addition there is a Development Approval to expand the accommodation to 103 non self contained units (plans available).
Being run successfully by management and staff this Accomodation opportunity not only offers a self-running business but the opportunity to expand / increase room revenue and at the same time provide a yield based on the last 3 years figures of between 5.2% to 6.6% nett after addbacks.
Price $6.5m
Should you be considering selling your property please do not hesitate to contact us - we are here to help you
Grant Freeman 0417 159 357 (Intl +61 417159357)
The premises feature an open plan design set amidst tropical landscaped gardens and is built with the extensive use of natural timbers. There is a large open plan outdoor restaurant and unique Irish Bar is a popular meeting place being a genuine reproduction of a Victorian Dublin pub. Freeform swimming pool surrounded by bush rock and Pandanus palms with and expansive covered timber deck.
In addition there is a Development Approval to expand the accommodation to 103 non self contained units (plans available).
Being run successfully by management and staff this Accomodation opportunity not only offers a self-running business but the opportunity to expand / increase room revenue and at the same time provide a yield based on the last 3 years figures of between 5.2% to 6.6% nett after addbacks.
Price $6.5m
Should you be considering selling your property please do not hesitate to contact us - we are here to help you
Grant Freeman 0417 159 357 (Intl +61 417159357)