A TROPICAL RESORT with luxury accommodation that earns almost half a million dollars a year and comes with its own brewery.
Some readers might think that’s in heaven, but it’s actually on Norfolk Island.
The 20-room Castaway, offering a mix of hotel-style accommodation and apartments, is located in the heart of Norfolk Island, with sweeping valley and garden views.
It has a superb restaurant and a newly established brewery that, alone, earns the property more than $100,000 a year.
Richard O’Connell, from Tourism Brokers, said this freehold property was on sale for $3.75m after returning a net profit of $480,494 last year.
“It’s an opportunity to live and work on an island paradise and make a very big income at the same time,” Mr O’Connell said.
“Castaway has been a family-owned property for many years with extensive facilities and lovely grounds, and it has recently undergone impressive renovations.
“It has a very good quality restaurant and the owners spent $200,000 on installing their own brewery, the only brewery on the island.
“It’s proved a big hit, not just with Castaway guests, but with the local population as well, and it has become a tourist destination in its own right.”
Once a place of torment as an especially cruel British prison colony, Norfolk Island is now regarded as a glorious tropical idyll for holidaymakers who can take direct flights from Sydney and Brisbane.
But for history buffs the relics of its colonial past are still there in the wonderfully preserved 100-hectare Kingston World Heritage Site, where the buildings once housed convicts deemed the most dangerous in that part of the world.
Captain Cook was the first European on Norfolk Island in 1774, but most of the settlers today owe their ancestry to one of the greatest adventures of maritime history: the Mutiny on the Bounty.
After outgrowing tiny Pitcairn Island, the descendants of the Bounty mutineers were given Norfolk and the old prisoner’s settlement in 1856 by Queen Victoria, who is honoured there today by the lovely Queen Victoria Memorial Gardens. No trip to the island is complete without visits to the Bounty Folk Museum.
Norfolk Island’s beaches are some of the most spectacular in the Pacific, with clear waters sheltered by teeming coral reefs just a short swim from the sand. But there are also spectacular cliffs where waterfalls tumble into the sea, and dramatic headlands with stunning forever views.
Mr O’Connell said new owners had the opportunity to do even more to expand Castaway.
At the moment there are 10 well-appointed hotel rooms, nine one-bedroom apartments and one two-bedroom apartment.
All the modern, spacious rooms feature comfortable split king-sized beds.
There is also a separate 3-bedroom owner/managers residence.
The restaurant and bar caters for large functions of up to 160 people, and the newly added brewery has polished concrete floors and a seated tasting area. The commercial kitchen has also been recently renovated and new equipment has been installed to serve the increasingly popular restaurant.
The main facilities expand over four buildings, but there is a separate additional building to house staff in two apartments.
“Norfolk Island is such a magnificent place that a lot of people who visit there don’t want to leave,” Mr O’Connell said. “It’s an amazing lifestyle with a glorious setting and a wonderful local community.”
Find the business listing details HERE.
Find more accommodation for sale HERE.
Find the latest industry news HERE
