Hostel for sale in Cairns, Queensland, Australia

BOUTIQUE BACKPACKERS: 36 beds; 22 rooms (some with private showers), three kitchens, four bathrooms, 7 separate lavatories – 400m from Cairns Central.

INCLUDES OWNER'S RESIDENCE: (Currently run by owners living off site.)

ADD VALUE: Room for 76 beds with council approval.

INCOME: Around $150,000 net, plus free accommodation.

PROPERTY DESCRIPTION: 2 two-storey Queenslanders with new rooves and cladding, plus 3 demountable rooms. Also included: reception, extra storerooms, 2 laundries, indoor drying room – tropical pool and large covered outdoor areas, all on 812 sq m of city fringe land.

LOCATION: 300m to Cairns Central, English language schools, Primary and Secondary schools; close to TAFE, the new CQU; .

NOTE: Reception closes 12-5pm.

REGISTERED VALUATION (2012): L&B $950,000, excluding business

Source:

https://www.commercialrealestate.com.au/property/274-draper-street-cairn...