Iconic Freehold Motel Complex - Pacific Cay - High Yielding Investment Opportunity
'The Ray Murphy Team' proudly welcomes to the Market one of Cairns' most Iconic Holiday Accommodations known as Pacific Cay. This freehold Motel Complex presents a unique opportunity to purchase an already highly profitable business with the opportunity of exponential growth.
Pacific Cay offers 19 units spread across two levels with 10 x one-bedroom self-contained units, 7 x two-bedroom self-contained units and 2 motel suites, one of which is the Onsite Managers residence. The complex is complete with an inground saltwater swimming pool, sundeck, barbeque area and undercover car parking. Further services provided to guests are tour Bookings and an information centre as well as a bus transfers in and around the city.
Set on a large 2,033m2 parcel of land with two street access being Sheridan Street and McLeod Street, the complex is conveniently located only a short walk to Cairns Central Shopping Centre, CBD, restaurants, cafés, hospitals, and the Cairns Airport. The location of this property is sure to appeal to all guests.
The property has been managed by the same family for over 15 years, and it is now time to change hands and for the new purchases to enjoy the financial gains.
This property is For Sale by Tender, closing 30th November 2021 at 10am.
A complete information memorandum or financial reporting is available on request.
Contact 'The Ray Murphy Team' today to arrange your private inspection.