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Bulwer, address available on request

Bulwer, address available on request

Hotel/Leisure

  • For Sale
  • $3,000,000 Exc. GST
  • For Sale

EXCEPTIONAL & UNIQUE MIXED USE BUSINESS OFFERING ON STUNNING MORETON ISLAND!

  • Mixed Use Business on Moreton Island
  • Multiple Income Streams
  • High $518K NOP

  • Land Area
  • 1.40ha (3.46 acres) (approx)
  • Floor Area
  • 0 m²
  • Last Updated
  • Oct 26, 2021

Interested in this property? Contact an Agent today

Resort Brokers Australia - South Brisbane

362 Montague Road

West End Qld 4101

Steve Campbell

EXCEPTIONAL & UNIQUE MIXED USE BUSINESS OFFERING ON STUNNING MORETON ISLAND!

Looking to escape the hustle and bustle of city life or looking to invest in a high yielding investment that runs fully staffed? ‘Castaways’ at Bulwer, Moreton Island is a truly unique opportunity. The store / cafe caters is the ‘go-to' place for a range of goods and services, and accommodation includes recently refurbished Glamping Tents, units and dorm accommodation options. The operators of the business since 2008 have decided to stick to their core ferry business providing a great opportunity for the next operator to take this business to the next level. If you are not familiar with ‘Castaways’, an inspection is sure to impress.

Strong business with multiple income streams
Priced significantly below replacement value
The go-to destination for guests and visitors alike
Low risk of competition due to development restrictions
Significant identifiable scope for revenue growth
20/21 income derived from reduced room inventory
Asset price based on realistic stabilised NOP
Asset priced at high-returning Cap Rates
Business being sold almost entirely under management
Benefit from extensive upgrades and additions
Full and extensive list

Bulwer, address available on request

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