Queensland
Waterfront Property within Resort
$995,000 + GST if applicable
Business Description
Beachfront resort complex - offer includes the sale of Lot 37 which includes the main building made up of reception, restaurant, bar, function rooms, two bedroom residence and one resort villa.
The offer includes:
* 2 bedroom fully self contained villa
* A two bedroom residence above the reception/office area
* Restaurant and bar facility that includes indoor and outdoor dining areas that overlook the pool and has limited ocean views (not operating)
* Function/Conference room that includes indoor and outdoor areas that overlook the pool and has limited ocean views (not operating)
* Large reception/office area that can service the entire complex
* The complex was constructed in approximately 1997
* The main resort building has a huge amount of different future options available such as reopening the restaurant, bar and function rooms for catering in and out, adding additional units within (STCA), or other business options to operate from such a large 731sqm building (approx).
* A total area of 897sqm of beachfront property for only $995,000 (+ GST if applicable)
Queensland Tourism & Hospitality Brokers (QTHB) has compiled this information from sources we believe to be reliable, however QTHB does not give any warranty as to the accuracy, error or omission of information, if any. Interested parties should rely on their own enquiries.
Business Summary
Key Investment Insights
1. Waterfront beachfront parcel within an established resort complex, sale includes Lot 37 land and main building, total area 897sqm.
2. Asking price $995,000, plus GST if applicable, reflects land and substantial building footprint.
3. Main building approximately 731sqm, offering significant floor area for multiple uses or redevelopment (STCA).
4. Existing accommodation comprises a two bedroom fully self contained villa and a two bedroom residence above reception, providing immediate accommodation assets.
5. Restaurant and bar facility with indoor and outdoor dining areas overlooks the pool and has limited ocean views, currently not operating.
6. Function/conference room with indoor and outdoor areas also overlooks the pool and has limited ocean views, currently not operating.
7. Large reception/office area designed to service the entire complex, centralising guest administration and operations.
8. Property constructed circa 1997, indicating established infrastructure and potential need for refurbishment or upgrades.
9. Multiple future options noted, including reopening F&B and function operations for onsite and external catering, or adding additional units within the building (STCA).
10. Visual appeal includes pool-facing dining and function spaces plus limited ocean vistas, supporting leisure and event market positioning.
11. Investment thesis hinges on unlocking underutilised revenue streams by recommencing restaurant, bar and functions, or pursuing redevelopment for accommodation yield.
