The revered natural scientist Sir David Attenborough has described North Queensland’s Daintree Rainforest as “the most extraordinary place on earth”.
Now the sale of PK’s Jungle Village represents a most extraordinary opportunity to run a profitable slice of this stunning wonderland.
The village, 150 km north of Cairns and 90 km from Port Douglas, is part of a World Heritage Listed area that covers about 1200 square kilometres of the largest continuous area of tropical rainforest on the Australian continent. It is the oldest continually surviving tropical rainforest in the world.
“It certainly is an amazing place,” said Gareth Closter, a Senior Vice President of Investment Sales at JLL.
“When was the last time you saw a rainforest village for sale?
“The Daintree is as genuine bucket list location for domestic and international travellers, where the spectacular rainforest meets the Great Barrier Reef.
”Traditionally the property has been run as backpackers/pub accommodation but the market is ripe for re-purposing and upgrading the accommodation to further target travellers who are looking for eco wilderness adventures, and cultural experiences.
“This is an unparalleled opportunity to upgrade and reposition the asset to cater for changing demographics in the post-COVID environment, or continue to operate it as it is.”
Mr Closter said PK’s Jungle Village represented an irreplaceable Daintree eco opportunity with strong cashflow and upside.
“It’s one of Australia's most stunning and unique destinations,” he said, adding that the investment highlights included a large scale accommodation offering with 46 rooms/cabins, 20 camp/caravan sites (occupancy licence for 226 pax), large licensed bar and bistro (commercial liquor licence), IGA convenience store and souvenir shop, resort style pool, and a DA to add a bottle shop.
PK’s Jungle Village remains the only budget accommodation in the area.
There is a mix of room types from a queen bed room to an 8-bed dormitory room, all air-conditioned, and 20 of them come with en-suites. There are also camping facilities in a pristine lush tropical setting just a short walk to the white coral sand beach where the World Heritage Rainforest meets the Great Barrier Reef.
The property offers horseback riding, snorkelling, kayaking, bushwalking and a number of tours that can all finish with a relaxing evening at PK’s famous Jungle Bar.
There is additional income from multiple mobile phone tower leases and the town planning consent to extend the caravan sites to 71 bays.
Mr Closter said there was minimal competition in the region, given the finite number of tourism and accommodation assets within the World Heritage Listed rainforest.
More than 250 years ago Captain James Cook named this area of North Queensland “Cape Tribulation” because of all the trouble he had on his ship the Endeavour as it negotiated the difficult channels of the Great Barrier Reef.
In more recent times the Cape has brought unmatched tourism experiences for visitors.
“Once you cross the Daintree River you enter another world in what is a truly unique and stunning experience. It’s easy to see why PK’s Jungle Village has been so popular for so long” Mr Closter said.
“The property has traded extremely well over the past financial year, even in the face of COVID headwinds, which is testament to the quality of the opportunity on offer.”
Expressions of interest are now being invited.
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