Gold Coast Hinterland The Green Behind The Gold!!! Freehold & Business for Sale
(ID# 754)
(Seller Ref# JK10366)
Financials
| Asking Price: |
$2,450,000 |
| Sales Revenue: |
Undisclosed |
| Net Profit: |
$444,587 |
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Business Summary
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Unique hinterland acreage property offered for sale
Absolutely Brilliant!!!
1.62 hectares of beautifully maintained grounds that includes a function/reception and catering venue, guest cottages, an open chapel, outdoor bar, self contained caretakers cottage and a 3br main residence with in-ground pool. There is also a beautiful lake in the centre of the property.
Operate the function centre only for a ROI of 9.9%
Operate the accommodation only for a ROI of 7.85%
Combined ROI of 18.15% on a projected average annual net profit of $444,587!!!
Development approvals were previously in place for an additional main residence and more cottages.
Well situated within close proximity to a recreational golf course. There is a nearby school, post office, local shops, bus service. Also nearby is Robina Town Centre.
Offered for sale at $2,450,000
Contact John Kyriazis for a confidential profile/ information memorandum.
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Property/Location
| Real Estate: |
Real Property |
| Location: |
The property comprises of 16,200m2 of area with mainly cleared land. The land sits below road level, and slopes towards the rear of the property to Mudgeeraba Creek. There is a lake located in the middle of the property. The southern end of the property has been partly cleared for the construction of future improvements to the land.
The property is improved with a number of structures including a function/reception and catering building, five guest rooms, a day spa (to be completed), open chapel, outdoor bar and a caretakers residence. The guest rooms are located in four different cottages on the subject property. There is a lake in the centre of the property with landscaped grounds around and an in-ground pool. |
Other Information
| Market Outlook: |
The restaurant/accommodation market in the Gold Coast hinterland is mature. There are numerous motels, bed and breakfasts, etc., and many fine dining restaurants.
Self-contained cottages can be used as a place to stay while visiting an area but are often seen as a destination within themselves and also have more appeal for young couples as well as the traditional target markets of empty nesters and parents holidaying without children.
We understand that the wineries which have created a new market niche in the Gold Coast Hinterland are seeking approval for accommodation. These wineries are now established tourism sources which generally derive the majority of visitors from within a 200km radius.
Properties such as this could benefit from wine tourism offering good quality accommodation within a reasonable proximity of these wineries.
The market for hinterland tourist style accommodation properties is quite different from other income producing investment properties.
Many are purchased as a life style option for the owners with the opportunity to earn some additional income to supplement the life style without earning significant profits.
There is a growing demand for short stay accommodation within easy reach of
Coolangatta/Gold Coast; Expansion of tourist industry within the Gold Coast Hinterland can be exploited; Existing structural improvements are substantial; and refurbishment and replacement is currently being undertaken.
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| Financing: |
None |
