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Acquire a Prime Investment - Modern Amenities and Loyal Customer Base | Resort Brokers ID : FH008537
$7,995,000
Hotel hospitality, MISSION BEACH QLD
ResortBrokers is thrilled to showcase the iconic Castaways Resort and Spa in the heart of Mission Beach. This exceptional property boasts over 100m plus of absolute Beach frontage, offering breathtaking views and an unparalleled location. The current owners are offering a flexible lease to buy option, a unique proposition that allows you to enjoy the benefits of steady cash flow as you pay off the asset over time.
- Absolute Beach frontage spanning over 100m plus in the heart of Mission Beach.
- The current annual turnover exceeds $5 million with projected net returns surpassing $1.4 million.
- Potential for revenue growth through room renovations and tariff increases.
- Resort facilities include a day spa, licensed lawn area, functions deck, and pavilion, which add additional revenue streams from destination weddings, corporate retreats, and private events.
- Across the road, the vendor owns a detached motel featuring 18 additional keys that can be included or excluded from the purchase.
- Over $1.5 million invested in improvements over the past 18 months
- The property is sold with development approval for a further 44 keys and new expanded multi level conference facility
- It is strategically located under 2 hours from Townsville and Cairns, capturing both markets.
- Inspections are by appointment only
Date updated: 18 Dec 2024 22:00:02
More Information
- Total Purchase Price: $7,995,000
- Net Income: $ 0
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This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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This is the body corporate caretaker salary. It is included in the Net Income above.
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The value of on-title property included with the business. Its price is included in the Total Purchase Price.
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