PROPERTY LISTING
A popular Kuranda tourist attraction has hit the real estate market for an estimated $2.8m. Knight Frank real estate agent Rob McFarlane said the family-owned Kuranda Heritage Markets has been in operation for 30 years, making the business a solid investment for a potential buyer. “It’s located in the tourist precinct of Kuranda and when I went up to visit over the holidays, the place was humming,” Mr McFarlane said. “There were tourists everywhere and it’s one of the top places on the list for anyone visiting Kuranda.” The longstanding market has a solid track record, with the main tenants including Koala Land, Birdworld and Frogs Restaurant, who have been trading for many years. The Kuranda Heritage Markets have been listed for sale by negotiation by Knight Frank Cairns.
Colliers Restructuring Property Services under instructions from Receivers and Managers KPMG present to market – Mr Hobson, Port Melbourne.
A Melbourne-based investor has bought the 64-room Mercure Pakenham hotel in the city’s outer south-east for $15.8 million on a yield of 5 per cent. The hotel, which opened last September next door to the Cardinia Club, was sold by Traralgon-based BFN Developments headed by Brett Neilson. Stonebridge’s Rorey James and Kevin Tong in conjunction with Wilson Property’s Ben Wilson and Emma Dunne negotiated the sale.
JLL Hotels & Hospitality Group to sell the freehold going concern interest in Tattersalls Hotel, Casino NSW.
A cheeky business opportunity has hit the Townsville market with VaVoom Room Bar and dance studio on Flinders Street being listed for sale. The boutique establishment, in a heritage listed building, offers adults only entertainment from burlesque shows to pole performances, human wax displays and live model drawing. Co-owner Vivienne Starr said VaVoom Room Bar was an incredible business opportunity.
The InterContinental Double Bay hotel will be the subject of an expressions of interest campaign as joint-venture owners Fridcorp and Piety Group move to offload their respective stakes in the landmark hotel “to pursue separate projects”.
The Toowoomba power couple who transformed a struggling CBD pub into a thriving live music venue have revealed they are putting it on the market. Met Hotel owners Kosta and Jasmine Theodosis are calling time on their publican careers for now, with the site on the corner of Ruthven and Bowen streets being listed this week through LJ Hooker Toowoomba.
The old Shakespeare Hotel, near Chinatown, is up for lease following its recent renovation. The 327 sq m double-storey building at 167 Exhibition Street now has a mezzanine and a 52 sq m rooftop terrace. The hotel dates back to the 1860s, when Exhibition Street was the centre of the seamy side of city’s culture. Fitzroys’ Travis Keenan, James Lockwood and Franklin Gikas are handling the leasing campaign.
A popular Alexandra Headland pub is expected to attract plenty of interest after hitting the market for buyers looking to spend millions. The beachfront hotel, neighbouring bars, cafe and bottle shop are currently leased to ASX-listed Endeavour Group’s Australian Leisure and Hospitality – one of Australia’s largest operators of licensed premises with more than 350 venues. Leases and options are in place until 2050 with a current net annual income of $676,000. At the enviable location across the road from Alexandra Headland foreshore and 1km from the new Maroochydore CBD, the hotel is being advertised as an exciting opportunity for investors to take advantage of the region’s property market. CBRE’s Louisa Blennerhassett, Rem Rafter and Paul Fraser are managing the sale on behalf of a private, interstate-based family seller, with a price range of $11m.
Wellness Retreat – QLD, Kiels Mountain: 51 Malones Rd – 5.92ha Sunshine Coast Freehold.
Waterfront Caravan Park – Excellent Lifestyle Opportunity. Freehold with Vacant Possession. Seabank Caravan Park via Port Albert.
Backpackers at Mission Beach – This 3,642 sqm freehold site is located in the heart of the Mission Beach region and is being offered on a vacant possession basis.
