95 - 97 Williams Esplanade, PALM COVE

26 26

SARAYI. A PALM COVE ICON WITH GREAT INCOME AND POTENTIAL TO VALUE ADD

Overview

Property Type

Block Of Units

For Sale

$7.5M

Web ID

15P3311

The number 3 ranked hotel in Palm Cove (by tripadvisor), Sarayi is instantly recognisable as one of Williams Esplanade's most prominent hotels.

Fully refurbished over the past 24 months Sarayi is now a fully functioning hotel with high occupancy.

Consisting of 26 hotel rooms (8 apartments and 18 studios) and two commercial tenancies; Sarayi provides a strong, reliable income stream of approximately $500,000 p.a. and growing.

Set on a 1,627m2 Lot with dual street frontage and a built area in excess of 2,000m2 there is plenty of scope for redevelopment of the back of the hotel in the years to come.

If you are lucky enough to find an empty table, spend 10 minutes in the Rising Sun Bar & Bistro and take in the surrounds. The fully licensed bar is always jumping. The beach & the Coral Sea 50 metres away. People stop and take photos of Sarayi. It is a Palm Cove icon.

Contact Nicholas Slatyer for further information.