Cairns North Queensland
Cairns Rainbow Resort is located on the Cairns CBD fringe. The site encompasses three street frontages, with two vehicle access points for parking and main entrance to the property.
Street frontage on Sheridan street (national highway), providing excellent street exposure. The site is approximately 5,775 square metres and consists of two separate titles.Title on 179-181 Sheridan Street (Lot 10 SP 287226) is 4,517 sqm. SV $2.1m. Title on 177 Sheridan Street (Lot 97 TYP C PLN 1987) is 1,011 sqm. SV $560,000 The revenue is predominantly from accommodation.
The hotel currently caters to short-term and long-term stays. The Hotel is dual storey complex, 91 rooms, including 25 budget units, 28 standard, 19 resort rooms, 11 family rooms, 5 x two-bedroom apartments, reception, laundry, storage, restaurant/bar (separate stand-alone building), in- ground swimming pool and BBQ area.