62 Unit Hotel with Highway Frontage…Versatile Repositioning Asset in Prime Location.
Cairns Southside International is located on the Cairns Southern Arterial corridor (national highway) with high trac numbers. The site encompasses three street frontages, with two vehicle access points for access to parking and the main entrance to the property. Street frontage on Mulgrave Road (national highway), providing excellent street exposure. The site is approximately 4,101 square metres and consists of two separate titles, amalgamated into one.
Title on 450 Mulgrave Road, (Lot 3 RP 121854 & Lot 16, RP 717516). SV $1.0m The revenue is predominantly from accommodation. The hotel currently caters to short-term and long-term stays.
The Hotel is dual storey complex, 62 rooms, including 28 standard queen, 20 queen + single, 4 kitchenette rooms, 2 family rooms, 2 spa rooms, 1 × 1 bedroom apartments and 2 x bedroom apartments. The hotel caters a large reception & guest waiting area, bar, restaurant, commercial kitchen, onsite commercial laundry, guest laundry, ample storage & in-ground swimming pool.
The hotel is being marketed for $5.0m + $300,000 for adjoining commercial shed site (this forms part of the existing site).
For all enquiries and inspections, please contact Shane Mullins.