Rated in 2024 as the 2nd top retirement location in all of Australia (https://www.thenewdaily.com.au/finance/retirement/2024/08/23/retirees-top-ten-places), Ingham is currently seeing significant growth, and is undersupplied with accommodation. This beautifully restored and historic Circa 1920s 2 storey Hotel has been rejuvenated at great expense as a remarkable residential property whilst providing the community with valuable accommodation (the hotel has retained its Commercial zoning). Recently a 40kw 90 panel
twin inverter Solar system has been installed

The current owners live onsite and provide up to 13 rooms as either overnight, FIFO, or longer term accommodation (based on 3 rooms only please see our AirBnb link for our 84 x 5 star reviews to date: https://www.airbnb.com/l/T0DUv8zF) . This is an excellent opportunity to buy an exceptional high income producing property, and to live a desirable Far North Queensland lifestyle. We think the opportunity would perfectly suit a live-in investor or entrepreneurial city dweller, (or business) seeking to relocate to a very growing and affordable location. At the current price the ROI is above 10% without advertising. There is also plenty of opportunity to gain a liquor licence, reopen the bar and restaurant (as of right) , and provide a much needed service to Inghams growing population and the thousands of holiday makers destined for Cairns and the Cape.

The property comes fully furnished and operational with current income, we will consider vendor finance for a portion of the sale, and flexible terms.