Atherton, Queensland

ONCE IN A LIFETIME, GENERATIONAL OPPORTUNITY RENOVATED AND MAKING $ B&B - 2792MF

FREEHOLD $7,000,000

Business Description

- Conservative net with huge projects in the area.

- Rare a money-making opportunity that has a solid foundation and business.

- Room to increase tariffs and occupancy.

- Benefiting from recent $75M Atherton Hospital multistage redevelopment.

- The $373M Kaban Green Windfarm has also fuelled growth in the area.

- More business coming with the Chalumbin Wind Farm.

- 28 suites and apartments (10 added in 2019/20).

- Currently run as a bed and breakfast motel.

- Potentially another 10 -15 units subject to Council approval.

- 1.34 Ha (includes undeveloped land).

- Conference and function room that can handle 80 people.

- Large and private 3 bedroom residence.

- Significant depreciation allowance available from recent works and development.

- Atherton is renowned for its fertile soil and favorable climate for agriculture.

- Ongoing development and improvements

- Serves as a gateway to numerous tourist attractions, including the Great Barrier Reef, Wet Tropics Rainforest, and several national parks.

- Area surrounded by lush rainforests, waterfalls, and stunning landscapes.

- Project announcing approx. 400 jobs during construction and 15-30 full-time jobs for operation and generate around $300 million in local and regional expenditure during the construction period is imminent.

- Fruit production expected to quadruple for berry growers Berry North in the Atherton Tablelands with the help of a Rural Economic Development (RED) Grant.

- Atherton ranks 1st on our list of suburbs that property investors should look into.

- Belongs to the local government area of Tablelands (R). ATHERTON with a capital gain of 14.84% for the past year, which is higher than average compared to its 29.29% growth within a five-year period as published Smart property Investment.

Net Profit: $815,107 for 2021/22 and growing

Contact Laurence Crowley from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2792MF (quote when enquiring)

Property Code: 4656

Business Summary

Marketing Agent
Laurence Crowley
Laurence Crowley

Antonio Curulli
Antonio Curulli

Key Investment Insights

1. Rare opportunity for a money-making business with a solid foundation and potential for growth.
2. Potential to increase tariffs and occupancy.
3. Benefiting from recent multi-million dollar developments in the area, including a hospital and wind farm.
4. Potential for further business growth with upcoming projects, such as the Chalumbin Wind Farm.
5. 28 suites and apartments, with potential for additional units subject to council approval.
6. Large and private 3 bedroom residence included.
7. Significant depreciation allowance available from recent works and development.
8. Located in a prime agricultural area with favorable climate.
9. Gateway to popular tourist attractions, including the Great Barrier Reef and Wet Tropics Rainforest.
10. Surrounded by stunning landscapes and natural attractions.
11. Projected job growth and economic boost in the near future.
12. Potential for increased fruit production in the area.
13. High capital gain and growth potential for property investors.
14. Located in a desirable and highly ranked suburb.
15. Strong net profit for current and projected years.
Listing location

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