Leading agency Savills has been appointed to sell the Marine Hotel Motel, set to capitalise on the robust investor interest in regional hotels in Queensland.
Prominently located at 59- 61 Victoria Street, in Cardwell on Queensland’s Cassowary Coast Region between Cairns and Townsville, the Marine Hotel has a rich history dating back to 1864.
The property is for sale through Leon Alaban and Joseph Ganim of Savills Australia who said “it is a multifaceted business, the Marine Hotel has a range of income streams including food and beverage, gaming, accommodation, and retail liquor”.
Ganim said, “Popular with locals and visitors, the hotel has a prominent main street position and features captivating Coral Sea views across to Hinchinbrook Island”.
Occupying a site of 3,329 m² fronting Victoria, Balliol and Bowen Streets, the Hotel comprises a public bar and lounge bar, gaming room (15 EGM’s), alfresco dining area, beer garden, eight motel rooms, a two-bedroom manager’s residence and drive-through bottleshop.
“The demand for quality regional investments remains strong, particularly for regional hotels,” said Leon Alaban, National Director – Savills Hotels.
“The yielding freehold opportunity will be suited to corporate groups, multi-venue operators as well as owner operators” he said.
Savills Hotels are pleased to present for sale the freehold going concern of the Marine Hotel Motel via an Offers to Purchase process.