Tully, Queensland

Super High Yielding Workers Accommodation Facility - Circa 13.5%

Expressions of Interest - Closing 12 July 2022

Property Description

JLL Hotels & Hospitality is delighted to present for sale the Banana Barracks via Expressions of Interest. This is an outstanding opportunity to secure a super high yield accommodation property with further potential for income growth.

Investment highlights include:

• Consistent income stream through long term “workers accommodation” guests who pay weekly - average stay circa 5 months
• Benefits from working holiday makers program - seasonal workers licence provides significant barrier of entry
• Substantial upside in income through laundry, vending machine income & mobile phone accessory sales not stated in P&L
• Tully area is regarded as one of Australia’s “most reliable” year round work venues - banana growers always require pickers
• Positioned to benefit from North Queensland tourism boom with the opening of State and International borders
• Forecast EBITDA $667,663* (owner operated but no add backs) for FY2021
*Approx.

For Sale via Expressions of Interest - Closing Tuesday 12 July 2022

(Price Guide: $4,999,000)

To obtain a copy of the Information Memorandum, please contact the exclusive agent.