Rent to Nett Ratio Exceeding Expectations
Rent to Nett Ratio Exceeding Expectations
Rent to Nett Ratio Exceeding Expectations
Rent to Nett Ratio Exceeding Expectations
Rent to Nett Ratio Exceeding Expectations
Rent to Nett Ratio Exceeding Expectations
Rent to Nett Ratio Exceeding Expectations

Rent to Nett Ratio Exceeding Expectations

Offers above $2,200,000

An absolute opportunity! Reef Palms offers 42 fully self-contained studio apartments with bedding configurations to suit up to 4 guests. This leasehold motel has an incredible trading history and has always exceeded expectations on quality & service. The motel has a high occupancy throughout the year. It is currently run under management with owner input every 6-8 weeks. Return on investment under management is over 22%.

Key Features

  • High occupancy rate
  • Location close to Cairns airport
  • Extensive renovations/recently refurbished
  • Experienced staff to assist with transmission
  • Modern living accommodation
  • Opportunity for further growth
  • Long lease term

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH004652
Property Type: Motel
Region: QLD - Cairns
Suburb: Cairns
Sale Type: Leasehold
Net Profit: $611,596
Price: Offers above $2,200,000

Listing Agent(s)

Agent Feedback

Following the successful negotiation and purchase of our leasehold business we cannot praise the service Des provided to us during our purchase highly enough! He went out of his way to ensure that every process went as smoothly as possible and actively sort to problem solve the few issues that did arise during the purchase of our leasehold business. We found him to be honest in his negotiating skills, professional in attitude, diligent in providing us with regular updates and came to the fore when closing the deal. Des’ manner was always pleasant, his care and diligence as well as fantastic local knowledge left us very comfortable with our decision to buy. We would be more than happy to recommend Des to anyone who is looking to buy or sell in the accommodation industry. I certainly hope he is still doing this wonderful service when it is our turn to sell.

- Brad and Raylea Thomson
Buyer,
Charters Towers Tourist Park

 I would like to thank you for helping me with the purchase of Inverell Caravan Park. As soon as we spoke I realised that you would help and find what I was looking for, I cannot recommend you highly enough with the trouble you went to for me. I will only contact you when my next adventure is ready and we will find another suitable property as you did this time. Again, thanks very much.    

- Peter Greer
Purchaser,
Inverell Caravan Park

Shane Mullins made us completely proud with his efficiency and diligence in the sale of our property City Park Gardens. His process working towards the list price was always the primary focus and he achieved great results. We look forward to buying our next property through Resort Brokers! Shane Mullins made us completely proud with his efficiency and diligence in the sale of our property City Park Gardens. His process working towards the list price was always the primary focus and he achieved great results. We look forward to buying our next property through Resort Brokers!

- Shane & Sandra Croghan
Previous Owners,
City Park Gardens