2 Pacific Parade, Mission Beach, Queensland

Absolute Beachfront Boutique Resort

For Sale by Expressions of Interest

Property Description

JLL Hotels & Hospitality Group is pleased to exclusively offer for sale Castaways Resort & Spa, located on the world-renowned Great Barrier Reef.

The absolutely beachfront Castaways Resort and Spa (the “Property”) has a picture-perfect location along northern Queensland’s idyllic 14km-long Mission Beach, with direct access to the Great Barrier Reef and surrounding Family Group of Islands. The Property also has enviable positioning with little to no direct competition and thereby benefits from significant captive demand and high in-house guest spending capture ratios.

The Property provides a number of different investment scenarios for incoming owners, with the potential existing for renovations and expansions to the existing resort, through the addition of up to 44 keys and new conference/event facilities via an in-place DA.

The Whitsunday Islands and Great Barrier Reef is Australia’s highest ADR-rated market and with a domestic travel boom ongoing, the Property presents an ideal opportunity for investors to reap the medium-term rewards whilst also benefiting from the decade plus-long growth spurt Queensland will experience from the recently announced 2032 Brisbane Olympics.

Key investment highlights include:

• 200 metres of absolute beachfront frontage, the only such resort between Noosa and Cairns;
• At the heart of the Tropical North Queensland market, providing access to a range of world class activities and numerous UNESCO World Heritage Sites;
• Vacant possession of brand and management;
• High-performing ADR rated market with further uplift in market performance is expected;
• Ever expanding air, road and sea infrastructure across Queensland providing a demand-side boost in performance for years to come.