Bulwer, Queensland

EXCEPTIONAL & UNIQUE MIXED USE BUSINESS OFFERING ON STUNNING MORETON ISLAND! | Resort Brokers ID : FH006812

$3,000,000

Property Description

Looking to escape the hustle and bustle of city life or looking to invest in a high yielding investment that runs fully staffed? ‘Castaways’ at Bulwer, Moreton Island is a truly unique opportunity. The store / cafe caters is the ‘go-to' place for a range of goods and services, and accommodation includes recently refurbished Glamping Tents, units and dorm accommodation options. The operators of the business since 2008 have decided to stick to their core ferry business providing a great opportunity for the next operator to take this business to the next level. If you are not familiar with ‘Castaways’, an inspection is sure to impress.



  • Strong business with multiple income streams

  • Priced significantly below replacement value

  • Thego-to destination for guests and visitors alike

  • Low risk of competition due to development restrictions

  • Significant identifiable scope for revenue growth

  • 20/21 income derived from reduced room inventory

  • Asset price based on realistic stabilised NOP

  • Asset priced at high-returning Cap Rates

  • Business being sold almost entirely under management

  • Benefit from extensive upgrades and additions

  • Full and extensive list of inventory and chattels included

  • Ideally positioned for new operator to take to next level

  • NB. Eco-cabins currently being upgraded new photos soon


Date updated: 23 Sep 2021 23:00:06

Property Summary

Business Snapshot

Price: $3,000,000 Net Profit: $518,000
Marketing Agent
Steve Campbell
Steve Campbell

Listing location
Gallery

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