Continuing the campaigns to capitalise on robust investor interest in regional hotels, the Marine Hotel Motel comes to market.
Occupying a site of 3,329sqm with triple street frontage, Cardwell’s Marine Hotel has a rich history dating back to 1864.
Facing Coral Sea views across to Hinchinbrook Island, the well-presented coastal pub comprises a public bar, lounge bar, large TAB area and Keno, gaming room with 15 EGMs, alfresco dining area, beer garden, two DOSAs and drive-through bottleshop. There are also eight motel rooms, and a two-bedroom manager’s residence.
The bistro service is currently leased to and managed by a private operator, on a flexible arrangement.
The business reports annual revenue in excess of $2.7 million across its income streams, and the freehold asset would suit a range of buyers, such as corporate groups, multi-venue operators or an owner-operator.
Cardwell is in Queensland’s Cassowary Coast region, between Cairns and Townsville. A popular fishing destination and a desirable tourist location, it is dubbed the gateway to idyllic Hinchinbrook Island.
Embodying sea-change charm and opportunity, the private vendor is hoping to ride the investor wave surging across the country.
“The demand for quality regional investments remains strong, particularly for regional hotels,” says Leon Alaban, of Savills Hotels, marketing the pub with colleague Joseph Ganim.
The freehold going concern of the Marine Hotel Motel is for sale via Offers to Purchase.
