100 Taylors Road, Norfolk Island

Fantastic Norfolk Island Opportunity!

$2,995,000

Business Description

• This boutique, well established, centrally located, 10-unit, fully self-contained 4-star resort, consisting of 1-, 2-, 3-, 4- and 5-bedroom villas, set in tropical gardens, is located just a short stroll to the shops, cafes, and restaurants, and minutes to the ocean, national park, golf and World Heritage Area.

• Cumberland Resort and Spa is a registered as a self-contained tourist accommodation property under the Tourist Accommodation Act (1984) Norfolk Island, consisting of 34 registered accommodation beds. There is a lease in place for additional 10 registered beds at the nearby 5-BR White House.

• High Occupancy, Excellent Return on Investment, TripAdvisor Certificate of Excellence 4 years in a row, ranked #1 specialty accommodation, rated 4 stars by Star Ratings Australia, 4 Employees (Operations Manager, Two Housekeeping Room Attendants, Groundsperson / Maintenance / Gardener)

• Title is Fee Simple (Absolute Freehold). Occupancy of 74% with ADR of $224. Gross Income: $805,000 Net: $361,000

• Located in the Golden Mile of Burnt Pine, Norfolk Island. Land Size: 3,638m2.

• Most Recent Bank Valuation: $3.3 mil real estate only (excluding business).

• Norfolk Island offers an unsurpassed lifestyle opportunity.

Business Summary

Business Snapshot

Price: $2,995,000 Net Profit: $361,000 Business Value: $3,300,000

Hotel Information

Total Rooms: 10Stars: 4Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: Freehold

Other Features / Notes

• Reception Office • Private BBQ’s • Guest laundry • Heated swim spa pool • Sauna - Day Spa/Massage Room plus bathroom • Wi-Fi everywhere (with Wi-Fi management system) • Tour desk • Extensive DVD movie library • Communal Gazebo, kitchen and departure lounge • Reserved Guest Parking • Housekeeping Area • Commercial Laundry • Maintenance Shed / Workshop • Storage Room • Storage Shed • Water Storage consisting of 4 x Water Tanks (122,000 litres)

Marketing Agent

Pip Reeves

0672323....

Pip Reeves

0672323....

LJ Quintal Real Estate

Key Investment Insights

1. Well-established, 4-star resort with 10 self-contained villas in a central location on Norfolk Island.
2. Additional lease in place for 10 registered beds at a nearby property.
3. High occupancy rates and excellent return on investment.
4. Consistently ranked #1 specialty accommodation and awarded TripAdvisor Certificate of Excellence for 4 years in a row.
5. Fee simple (absolute freehold) title with recent bank valuation of $3.3 million for real estate only.
6. Located in the desirable Golden Mile of Burnt Pine, Norfolk Island.
7. Land size of 3,638m2.
8. Includes 4 employees, including an operations manager, housekeeping attendants, and a groundskeeper/maintenance worker.
9. On-site amenities include private BBQs, guest laundry, heated swim spa pool, sauna, day spa/massage room, and Wi-Fi throughout the property.
10. Additional facilities include a tour desk, extensive DVD movie library, communal gazebo and kitchen, reserved guest parking, and storage areas.
11. Water storage consisting of 4 large tanks with a capacity of 122,000 litres.
12. Offers an unsurpassed lifestyle opportunity on Norfolk Island.

ROI Estimate: 12.05%