LANDMARK HOTEL CAIRNS CBD WITH PLENTY OF UP-SHOT

Barrier Reef Hotel 3 Abbott Street, Cairns QLD

  • $4,700,000

Description

Off Market Hotels are pleased to present the Barrier Reef Hotel located on the waterfront precinct of Cairns CBD. Neighbours include The Hilton, Reef Hotel Casino, Cairns Reef Fleet Terminal, Hemingway’s and a myriad of high-rise hotels and accommodation providers. Directly opposite the Cairns Cruise Liner Terminal.
Cairns is a major Queensland cruise port serving international (Australia and Asia based) cruise ships but also a huge fleet of Australian reef cruise vessels offering regularly scheduled departures each day.

The Barrier Reef has been owned and operated for the last 5 years. Parts of the hotel have been renovated to reflect the history of the surrounding area and provides a great atmosphere for locals and tourists.
The hotel boasts, a large front bar and lounge area, 15 coastal gaming machines, fully serviced TAB facility and KENO. The family have continually upgraded the hotel and put their mark on it. They have a great local base, functions, Sunday Jazz and many more. Opening hours have always been to suit. The hotel currently operates from Wednesday through to Sunday, with a daily opening time of 12 noon. Most nights (except for the odd few), the hotel closes around 8-9. Under normal circumstances a hotel under the current license can trade from 10am – 12 midnight, 7 days per week. The current operation is approximately 45 hours per week, instead of the 98 hours per week.
The Clincher: UPSTAIRS! There is another whole level, making the property 2-storeys. This is for as an astute buyer to put your own mark on. There is a number of ideas that could suit, especially with the sprawling verandas and outlook onto the Cairns Inlet. Currently has been shut for many years.
This is a great opportunity for an operator to enter the market and stamp their authority on a thriving Cairns market.

HIGHLIGHTS

    • Inner corner block, Cairns CBD on 530m²
    • 2-Storey Hotel, with bar, gaming, TAB & KENO
    • 15 QLD Coastal EGM’s
    • Family run business with limited trading hours
    • Opportunity to renovate the entire 2nd floor with your own concept
    • Perfect location in the Cairns CBD precinct
    • Business built on locals, holiday makers and corporate clients
    • A real opportunity to stamp your own mark on a CBD Hotel with plenty of opportunities!
    • CBD PRECINCT LOCATION CAIRNS
    • 15 COASTAL GAMING LICENSES
    • 530m² CORNER LOCATION

Details

Price: $4,700,000
Address:Barrier Reef Hotel
City:3 Abbott Street, Cairns
State:QLD
Zip Code:4870

Contact Us About This Listing

SHANE MULLINS photo
SHANE MULLINS

STATE MANAGER

Office: 0447 185 001

ENQUIRE ABOUT THIS PROPERTY:

We will gladly forward you all the relevant information on this business, but first we ask you to complete the following Confidentiality Agreement in order to protect the Seller’s sensitive information that we will be providing you with.
Take note that we ask you NOT TO CONTACT THE SELLERS directly or indirectly.

ADDRESS DETAILS