59% Net Return! An Iconic & Very Successful North Qld Pub - 75hl

The Far North Queensland Hotel is very well supported by the locals, tourists and visitors over many years of trading and now is for Leasehold Sale. The Hotel has a long pedigree of providing excellent service.

This is a one-off opportunity for the astute buyer, to buy an 18 year Leasehold with an annual rental of $192,500 plus GST and Outgoings.

The Hotel has the following engaging features making this a successful business:

- Large friendly public bar area, internal and external.

- 12 hotel rooms with shared bathrooms.

- 2 fully renovated apartments one for the owner and one for Air BnB.

- 8 Pokie machines to be assigned over for use.

- Keno and TAB available.

- Gaming room.

- Licensed outdoor dining area for 60 people.

- Outdoor grass beer garden - very popular.

- Easy, accessible drive through bottle shop well stocked - super-sized drive-through bottle shop.

- Commercial grade kitchen - excellent reviews.

- Dining room - 2,100 meals a week are served.

- Various cold rooms and storage areas.

- Recently installed Solar System included in sale.

- The Hotel has been recently painted and building maintenance is of a high standard.

- Financial figures are available to genuine buyers - 59% NET RETURN!

- 8 years left on the lease current term, and a further 10 year option, giving you 18 years.

The new owners have an attractive financial opportunity to purchase this hotel business and settle in before taking advantage of the increased tourist and visitors’ numbers, coming to the area since COVID.

Net Profit: $324,387 Average over last 2 years

Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.

Property ID: 75HL (quote when enquiring)

Property Code: 4774