FREEHOLD $4,850,000

Strong and Consistent Earner, in the heart of Australia’s Banana Food Bowl.

  • Easily run owner operated complex catering for Banana Workers all year round.
  • Super high yield accommodation property, 15.7% if run owner operated and 14.5% if run under management.
  • Consistent long-term income stream, with 94% of all Australian Bananas grown within a 75 km radius region of this aptly named Banana Barracks.
  • Australian Banana Industry is worth $1.4B and employs a total of 18,000 employees needing accommodation each and every season. About 16,500 employees work within a 75 km radius of the property.
  • Further potential for income growth, by using this as a base for regional expansion.

Tourism Brokers is delighted to present for sale the Banana Barracks as Private Treaty.

This is an outstanding opportunity to secure a super high yield accommodation property licensed currently to accommodate 120 beds, with further potential for income growth.

  • Currently the property has opportunity to add 40 beds, through the removal of the Rafters Night Club, refurbishing the area and increasing the total beds to 160, and adding a further $300,000 in Gross Revenue to the business.

Investment highlights include:

  • Consistent income stream through long-term “workers accommodation”, Tully Banana season runs through January to December requiring workers from pickers, sorters and packers.
  • A total of 16,500 employees needing accommodation, of which 94% of these within a 75 km radius of Tully.
  • Accommodation Standards and close monitoring from Government oversee the Overseas Worker Programs and Seasonal workers licence provides significant barrier of entry for other competitors.
  • Substantial upside in income through laundry, vending machine income and mobile phone accessory sales.
  • Positioned to benefit from the ever-growing popularity of banana nutrition. Forecast Owner Operated Earnings $619,641 for 2023/24 or place a Manager in for $85,000 plus Accommodation.


Net Profit: $619,641 for 2022/24 (11 months)


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

Property ID: 2733BF (quote when enquiring)

Price FREEHOLD $4,850,000
Location Tully
Property ID 2733BF
Category Backpacker/Hostel

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