Urraween, Queensland
2539MF - Great Business, Great Location, Development Upside
SOLD
Business Description
• Established multiple award winning boutique eco resort
• Coastal location
• Excellent development opportunity
• Only 12% of 8,000m2 of land used
• Located within the booming Hervey Bay Medical Precinct
• Recently renovated
• High occupancy / strong ongoing growth
• Quality business, highly recommended viewing
The Emeraldene Inn and Eco Lodge is a multi-award winning boutique resort in Hervey Bay, Queensland. The recently renovated 14 room Freehold Going Concern property is situated within the Hervey Bay Medical Precinct.
The property enjoys a well-diversified client base that includes significant repeat clientele, corporate (high demand from nearby hospitals and government contracts), international (supported by agency contracts with the largest inbound travel operators), and domestic leisure guests (visiting Fraser Island and Lady Elliot Islands). Leisure growth is supported by the property’s tour booking desk which is the most active in the region.
Looking forward, the current operation only utilises 12% of the available (2 acres) of land. Plenty of room to substantially expand, further develop the business and meet the ever growing demand for accommodation within this area. Better still, the property can run as is whilst any additional development takes place.
There is a two bedroom separate Manager's residence for you to live in whilst you enjoy the lifestyle the area offers.
Hervey Bay is a developing area, with its own airport, hospitals, major shopping areas and of course it is the gateway to Fraser Island and the whale watch capital of the world.
A great place to live, and a great business to own. Take a look, you won't be disappointed.
Net Profit: $298,518 for 2017/18
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2539MF (quote when enquiring)
Location: The city of Hervey Bay is located a comfortable three and a half hour drive or 45 minute flight north of Brisbane, Queensland's capital city. With the extension of the Hervey Bay Airport completed, Jetstar and Virgin Blue now fly directly to Hervey Bay from Sydney.
Continued strong growth has seen Hervey Bay's population skyrocket from only 30,000 in 1991 to an estimated 58,000 approx. Trends show this growth rate - one of Australia's highest - will continue. Economic growth is matching population growth, particularly in tourism, service industries, retailing and light industries. A spate of multi-million dollar commercial, residential and resort developments are either underway or in the pipeline.
Due to its growing popularity, the Hervey Bay is a hive of activity and offers year round attractions and events with something to suit most interests. The beauty of the Fraser Coast is that it still offers the intimacy and friendliness that many larger destinations seem to have lost.
Property Code: 2781
Business Summary
Key Investment Insights
1. Established and successful boutique eco resort with multiple awards.
2. Located in a desirable coastal location with potential for further development.
3. Only 12% of the available land has been utilized, leaving room for expansion and growth.
4. Situated within the booming Hervey Bay Medical Precinct, providing a diverse client base.
5. Recently renovated property with high occupancy and strong ongoing growth.
6. Well-diversified client base, including repeat clientele, corporate, international, and domestic leisure guests.
7. Tour booking desk is the most active in the region, supporting leisure growth.
8. Two bedroom separate Manager's residence included.
9. Hervey Bay is a developing area with its own airport, hospitals, and major shopping areas.
10. Gateway to popular tourist destinations such as Fraser Island and the whale watch capital of the world.
11. Net profit of $298,518 for 2017/18.
12. Located in a popular and growing city with a high population growth rate.
13. Offers year round attractions and events, maintaining a sense of intimacy and friendliness.
14. Potential for further development and expansion to meet the growing demand for accommodation in the area.
