Iconic Freehold Motel Complex - Pacific Cay - High Yielding Investment Opportunity

'The Ray Murphy Team' proudly welcomes to the Market one of Cairns' most Iconic Holiday Accommodations known as Pacific Cay. This freehold Motel Complex presents a unique opportunity to purchase an already highly profitable business with the opportunity of exponential growth.

Pacific Cay offers 19 units spread across two levels with 10 x one-bedroom self-contained units, 7 x two-bedroom self-contained units, and 2 motel suites, one of which is the Onsite Manager's residence. The property is fully managed with a paid onsite manager, providing an attractive option for the new owner to run the business themselves and potentially generate additional income. The complex is complete with an inground saltwater swimming pool, sundeck, barbeque area, and undercover car parking.

Set on a large 2,033m2 parcel of land with two street accesses on Sheridan Street and McLeod Street, the complex is conveniently located only a short walk to Cairns Central Shopping Centre, CBD, restaurants, cafés, hospitals, and the Cairns Airport. The location of this property is sure to appeal to all guests.

Additionally, the property could make an ideal development subject to council approvals.

A complete information memorandum or financial reporting is available on request. Contact 'The Ray Murphy Team' today to arrange your private inspection.

Tender Closing 14th June 2024 @ 12:00 PM.

Explore the area

School catchments

Cairns State High School Secondary 7-12 Government 0.31km
St Monica's College Secondary 7-12 Catholic 0.87km
Mungalla Silver Lining School - Carins Temporary Facility Secondary Independent 1.1km
The BUSY School Secondary 11-12 Independent 1.1km
Mastery Schools Australia - Cairns Campus Combined Independent 1.1km
Indie School, Logan - Parramatta Park Campus Secondary Independent 1.1km
Parramatta State School Primary Prep-6 Government 1.2km
St Augustine's College Secondary 7-12 Catholic 1.3km
St Joseph's School Primary Prep-6 Catholic 1.3km
FNQ Vocational Academy Secondary Government 1.4km
Trinity Bay State High School Secondary 7-12 Government 1.8km
Cairns School of Distance Education Combined Prep-12 Government 1.9km
Mother of Good Counsel School Primary Prep-6 Catholic 1.9km
Cairns West State School Primary Prep-6 Government 2.7km
Edge Hill State School Primary Prep-6 Government 2.7km
St Francis Xavier's School Primary Prep-6 Catholic 2.8km
Balaclava State School Primary Prep-6 Government 3.3km
Whitfield State School Primary Prep-6 Government 3.9km
Mooroobool Silver Lining School Secondary Independent 4.1km
Our Lady Help of Christians School Primary Prep-6 Catholic 4.4km
Woree State School Primary Prep-6 Government 5.6km
Woree State High School Secondary 7-12 Government 5.7km
St Gerard Majella Primary School Primary Prep-6 Catholic 6.5km
Freshwater Christian College Combined Prep-12 Independent 6.5km
Freshwater State School Primary Prep-6 Government 6.7km
St Mary's Catholic College Secondary 7-12 Catholic 6.8km
St Andrew's Catholic College Redlynch Valley Combined Prep-12 Catholic 7.2km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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