ResortBrokers are proud to exclusively bring to the market this rare and exceptional investment opportunity of the freehold passive investment of the Reef Palms Motel in Cairns.
This 42 room motel is located midway between the Cairns International airport and the CBD and caters to both the corporate and tourism market with it’s diverse range of rooms available to the travelling public.
Located on 2,622m2 the motel also features a large reception area, guest laundry, large swimming pool and barbecue area.
The lease agreement has 17 years remaining and annual rental is linked to CPI annually.
Net rental return of $391,720 returning circa 8% annual return
17 years remaining on lease
Tenant pays all outgoings
Great location close to the CBD and Cairns Esplanade
Inspection by appointment only
Interested? Why not give Miguel Bozina a call on 0419 848 444 or miguel@resortbrokers.com.au
Or... call Shane Croghan on 0418 451 006 or shanec@resortbrokers.com.au
