62 Yappar St, Karumba QLD 4891
Sold for $1,500,000
Commercial Freehold Motel - $$ GREAT CASH FLOW $$
12 Luxury Villa’s where the Savannah meets the Golden Sea
An accommodation freehold opportunity has become available in a busy coastal fishing/tourist/mining town in the gulf.
World Class Barramundi fishing, heaven fashioned for the fisherman in the mouth of the Norman River.
Current owner is interstate and loves this property & has invested wisely in constant improvements making it truly the ‘gem in the crown’ of Karumba accommodation. Planning to move on to other ventures, the hard work is done and ready for the new owners to maximise their returns.
This is a lifestyle or investment opportunity with so many options which include:
• Owner occupier runs the motel, focusing on more short term rentals
• Focus on longer term rentals to local and/or fisherman working from Karumba.
• An onsite manager in place, share the profits.
Or any variation of the above, the business is ready to go.
The fully air-conditioned accommodation consists of 12 newly renovated and self-contained furnished units of varying sizes and configuration.
Features of the property include:
• A sparkling pool to chill out in.
• Throw a line in the Norman River and land a monster Barramundi.
• BBQ area with the most amazing views across the River.
• Fish cleaning facilities, with excellent boat trailer parking.
• Industrial size back-up generator so guests are never without power.
• Across the street from the supermarket, hotel, boat ramp and other town facilities.
Financial Statements available on request.
Property ID: 1192788
Contact Agents
Professionals Collective
5/109 West Burleigh Road, Burleigh Heads QLD 4220 | Phone 07 5669 2490