Hotel Cairns - SOLD

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Sold for 8,210,000 AUD Date of Sale: November 2014
Rooms: 92
Price Per Room: 89,239 AUD
Property Id : 30450

CBRE Hotels on behalf of Receivers and Managers Glenn Miller and John Goggin, BRI Ferrier NQ Pty Ltd offer for sale the freehold investment of The Hotel Cairns.

The Hotel Cairns is perfectly placed in the heart of the CBD and in close proximity to the waterfront Esplanade, Reef Casino, Reef Fleet Terminal and Shopping Centre.

The hotel is on a 4,075m2 freehold site and offers Vacant Possession, representing an exceptional opportunity for an owner operator or hotel investor to acquire a well appointed hotel in one of Australia’s most popular tourist destinations. Cairns is the gateway to the Great Barrier Reef and the Daintree rainforest and is the fourth most popular tourist destination in Australia and is ranked the number one regional destination in Australia for international conventions.

Wayne Bunz

National Director, Capital Markets
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