65 Martins Place, Norfolk Island
Ready for a Sea Change on a First World exotic island just 2 hours from Australian mainland?
$1,599,000
Business Description
Newly built, Modern, 5 Bedrooms, Absolute Presidential Luxury, 180-degree stunning, panoramic ocean views from both levels and all rooms, Turkish Steam Sauna, Separate Finnish Dry Sauna, Indoor Spa Bath, Outdoor Covered Shower, Jacuzzi/Spa, quality furnishings/appliances, 8 acres of sub-dividable bushland, private rainforest bush walk, total privacy (no neighbors).
Cumberland Resort and Spa can continue under contract to operate this profitable business for you (worry-free) and you can use it as your private holiday home for your island trips.
Financials
• Listing Price: $1,599,000
• Fee Simple (absolute freehold)
• Real Estate and Business
• Excellent Return on Investment
• Occupancy: 61.2 %, Revenue: $102,393, ADR: $457
• Optional Management Contract with Cumberland Resort and Spa
• Expanding Market: Norfolk Island visitors numbers are increasing every year, expected to reach 27,000 in 2016-7.
• Attractive Tax Environment (no Federal GST, no Customs Duty, other tax exemptions).
Property Attributes
• Licenced, well established, Tourist Accommodation, but can be used as private residence
• Registered under the Tourist Accommodation Act (1984) Norfolk Island
• Star Rated 4 stars, most recently April 2017
• Secluded and Private, Lifestyle Property on 3.2 hectares of land (8 acres)
• Spectacular, Unobstructed Pacific Ocean views
• 5 large Bedrooms (King beds), 31/2 bathrooms, pantry
• Fully equipped kitchen and laundry with Miele appliances
• Fully furnished, Vaulted ceilings, Fireplace, BBQ
• Three Massive Decks
• Indoor Spa Bath, Jacuzzi/Spa, Finnish Dry Sauna, Turkish Steam Sauna, outdoor hot shower
• High Mobility – split concrete driveway provides access to both levels of the house
• Water Quality – recent water test shows excellent water quality from two large water tanks
• Foxtel Satellite Dish – besides Cumberland Resort and Spa, this is the only 4-star accommodation with Foxtel cable TV
• Two Internet systems
• NBN Dish – Satellite dish is installed for high speed NBN Internet
• Internet – Internet is currently also connected to O3b satellite
• Garage – two car garage with built-in storage shelves to the ceiling
• Power – three phase power
• Land is sub-dividable – land size is 3.2 hectares making it large enough to legally sub-divide
• Well maintained property
• Two Water Tanks, three Septic Tanks
Business Summary
Business Snapshot
Price: $1,599,000
Business Value: $1,599,000
Bed and Breakfast Information
Total Rooms: 5Stars: 4Restaurant Facilities: NoLiquor Licence: NoRestaurant: NoLease: Freehold
Key Investment Insights
AI generated. Confirm details with the seller.
1. The business is located on a first world exotic island, just 2 hours from the Australian mainland, making it easily accessible for tourists.
2. The property is newly built and offers modern amenities such as a Turkish Steam Sauna, Separate Finnish Dry Sauna, Indoor Spa Bath, Outdoor Covered Shower, and Jacuzzi/Spa.
3. The property boasts 180-degree stunning, panoramic ocean views from both levels and all rooms, providing a luxurious and relaxing experience for guests.
4. The property is situated on 8 acres of sub-dividable bushland, offering privacy and the potential for future development.
5. The business is currently operated under a management contract with Cumberland Resort and Spa, providing a worry-free investment opportunity for the buyer.
6. The financials show excellent return on investment, with an occupancy rate of 61.2% and revenue of $102,393.
7. The property is registered under the Tourist Accommodation Act and has a 4-star rating, making it a well-established and licensed tourist accommodation.
8. The property can also be used as a private residence, providing versatility for the buyer.
9. The island's visitor numbers are increasing every year, with an expected reach of 27,000 in 2016-2017, indicating a growing market for the business.
10. The island offers an attractive tax environment, with no Federal GST, no Customs Duty, and other tax exemptions.
11. The property features 5 large bedrooms with king beds, 3.5 bathrooms, a fully equipped kitchen and laundry with Miele appliances, and a pantry.
12. The property is fully furnished with vaulted ceilings, a fireplace, and a BBQ, providing a comfortable and luxurious stay for guests.
13. The property also features three massive decks, providing ample space for outdoor relaxation and entertainment.
14. The high mobility of the property is ensured with a split concrete driveway providing access to both levels of the house.
15. The
