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9% Return Fully Manged Motel - Bruce Highway, Edmonton FnqProperty ID 1481334Freehold motel / development site on the Bruce Highway at Edmonton, 12.5 kilometres south of Cairns CBD. Land area is 5,210 m2. Constructed on the site are four buildings consisting of a managers residence / office and 20 units which are a mixture of bedsits and one bedroom apartments.
Other improvements include an undercover, open air recreation area and inground swimming pool. The site is underdeveloped and requires a major upgrade. The zoning is currently Tourist Accommodation with a potential to rezone to uses such as multi units, retail or an outdoor sales display yard.
The site currently has a sound income and is fully under management with absentee owners. Available for sale as a going concern or potential redevelopment site.
Contact: Exclusive agent Scott Green - Ray White Commercial Cairns for more information.