LEASEHOLD $300,000 + SAV

5,300 m2
  • Price Reduction for Quick Sale $595,000 down to $300,000, Owner wants out.
  • A 30-room tropical oasis located in the town of Weipa. Situated right in the centre of town and offering 19 double and 11 twin shares.
  • Average Revenue exceeding $800k plus over the past three years.
  • Net operating profit of $263K over the past 4 years with normal trade achieving $420K.
  • Secure repeat government department corporate clientele, plus many private corporates including RIO, Boral and Coates to name a few.
  • Huge Coach Tour company trade with forward booking back with gusto: Heritage, Casey and Discovery Tours. Single level property a valuable tour industry revenue attraction.
  • Manageable and renowned Heritage Bar and Bistro of circa 50 seats servicing guests and local corporate tourist trade has recently implemented a sub-lease arrangement.
  • Significant internal and external repair and maintenance program commissioned over the past 36 months, referenced in the additional data available.
  • Currently fully operated under a management structure with the possibility to continue or positioned perfectly for a husband and wife or family dynamic.

30 room resort style Leasehold property and renowned restaurant (sublease in place) showing 70% plus return on investment. A unique secure tropical lifestyle opportunity with operational commercial upside.

Perfect timing and opportunity in now to take advantage of the inevitable domestic tourism spike next year. All major capital expenditure has been invested inside and out. Getting in and reward yourself commercially purely from operating astutely.

Net Profit: $263,000 (average over the past 4 years)

Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2639ML (quote when enquiring)

Price LEASEHOLD $300,000 + SAV
Location Weipa
Property ID 2639ML

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