Superb Coastal Resort With Further Potential For Sale

Business description

Location: Far South Coast
Asking Price: $2,950,000 + SAV
This 3.5 star fully managed freehold going concern is an accommodation and function centre catering to a broad audience including the tourist and conference market as well as education and sporting groups and is close to everything the beautiful Sapphire Coast has to offer. Accommodation comprises a combination of 34 comfortable two bedroom cottages, cabins and motel suites. A few of an extensive array of facilities are two conference areas, mini golf, canoeing, archery, heated pool, basketball and tennis courts, high ropes course and climbing wall. It is close to tourist precincts including shops, restaurants, art galleries, pubs, as well as country golf and bowling clubs. The region surrounds itself in pristine beaches, national parks, wilderness areas and state forests. This resort has a history of being a strong income producer with further business and property development potential. VENDOR FINANCE OR PARTNERSHIP AVAILABLE.

Turnover: $766,812 (FY11).

Land Area: 43.06 hectares (approx).

AAA Rating: 3.5 Stars.

Built: 1989

Accommodation: 15 X 2BR Deluxe Cottages, 10 X 2BR Cedar Cabins, 9 X 2BR Motel Suites/(3 Group lodges/bunkhouses).

Accommodation Facilities: Combination of queen, double, single and bunk beds. Air conditioning, bathrooms, some have full kitchens, lounge/dining rooms, BBQ facilities. Most cottages have verandas and carports.

Resort Facilities: Extensive conference and lakeside reception facilities, two commercial kitchens, camp kitchen facility with covered eating areas, BBQ’s and fireplaces, lake for canoeing, swimming and fishing, mini golf course, solar heated swimming pool, children’s playground, guests laundry, climbing wall, high ropes course, flying fox, walking tracks, archery, tennis, volleyball, bocci and basketball courts, tar sealed roads throughout.

Restaurant: Function centre.

Residence: Comfortable three bedrooms all with built-in robes, bathroom, living and dining area and separate kitchen. There is a large private balcony overlooking the lake.

Clientele: Tourist and function/conference market as well as education and sporting groups.