Beachfront Leasehold Motel, Cardwell
Motel
ActiveHospitality & TourismQueenslandB2B & B2C
Asking price
~$719,156
est. from comparable listings of this type and size · typically within ±20% · AUD
Revenue (est.)
~$918,893
Estimated · comparable listings of this type and size
Net Profit
$221,729
Implied multiple (assumed)
~3.2×
Assumed · comparable listings of this type and size · typically within ±20%
Brief
- Fully refurbished beachfront leasehold motel in Cardwell, Cassowary Coast region, North Queensland
- 12 rooms, easily managed and suited to a couple or beginners
- Long lease with approximately 27 years remaining
- Prominent Bruce Highway location with direct access
- Swimming pool, barbecue area, off-street parking and views over Rockingham Bay and Hinchinbrook Island
- Dynamic pricing model in place; insured for cyclone
- Potential to convert an area into an owner's residence and free up the current beach-view residence for ~$50,000 per annum income
- Expected to benefit from nearby Port Hinchinbrook upgrades
- Caters to both corporate and leisure guests
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