704 Bruce HwyWoree QLD 4868
Property Details for 704 Bruce Hwy, Woree
Last Listing description (June 2024)
The motel is located on the Bruce Highway main road into Cairns with a very strong repeated corporate clientele.
This is a rare opportunity to acquire the leasehold and freehold investment of Motel. Comprising 38 well-maintained rooms, the motel offers a good mixture of queen and family-style rooms. The business offers an opportunity to make the most out of a thriving business with a 25 -years lease in place.
- Great location at North Queensland
- 70% occupancy
- Brand new long term 25 years lease
- Neatly appointed 38 rooms with more land for development
- 30km solar panels
- Commercial washing machine and laundry;
Net income:
Motel $200,000 + GST
Total net income $299,186
Leasehold& Freehold Price: $4,100,000;
Leasehold part can be sold separately for $1,200,000;
Property History for 704 Bruce Hwy, Woree, QLD 4868
- 07 Jun 2024Listed for Sale $4,100,000
- 01 Oct 2021Sold for $3,000,000
- 18 Sep 2019Listed for Sale $4,100,000
Recent sales nearby
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0About Woree 4868
The size of Woree is approximately 5.8 square kilometres. It has 10 parks covering nearly 27.5% of total area. The population of Woree in 2016 was 4821 people. By 2021 the population was 5127 showing a population growth of 6.4% in the area during that time. The predominant age group in Woree is 40-49 years. Households in Woree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Woree work in a community and personal service occupation.In 2021, 45.10% of the homes in Woree were owner-occupied compared with 42.80% in 2016.
Woree has 2,909 properties. Over the last 5 years, Houses in Woree have seen a 92.22% increase in median value, while Units have seen a 139.43% increase. As at 31 March 2026:
- The median value for Houses in Woree is $676,015 while the median value for Units is $346,524.
- Houses have a median rent of $580 while Units have a median rent of $440.
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