The oceanfront resort, Stewarts Bay Lodge in Port Arthur, Tasmania has been listed for sale by Ray Ironside of Resort Brokers Australia.
Bordering World Heritage-listed national park and the Port Arthur Historic Site on the Tasman Peninsula, Stewarts Bay Lodge was established in 2007. It is one of only a handful of accommodation businesses in Tasmania owned and operated as ‘management rights’, a model that has flourished in Queensland.
Resort Brokers’ Tasmanian agent, Ray Ironside, says it is a genuinely rare opportunity as the only management rights currently available in Tasmania, and with a location right next door to the state’s most visited tourist attraction.
The property is located on 22 acres of bush between the beaches of Stewarts Bay and Ladies Bay. The sale includes the caretaking and letting agreements on a 16-year management rights term with all 40 investor-owned cabins in the letting pool.
Freehold real estate also forms part of the package including a three-bedroom manager’s residence, freestanding reception, office and utilities building. A two-bedroom demountable staff residence is also included.
Accommodation falls into two categories with the original, up-dated cabins and newer two bedroom units overlooking the bay. There are 19 log cabins and 21 new timber cabins with colorbond roofs, plaster walls and extensive picture windows on elevated stump foundations.
The manager's residence is three bedrooms, a large open plan living room and kitchen area with European appliance, a laundry and bathroom.
“The Tasman Peninsula is one of Australia’s most visited regions, not only because of the profound Port Arthur Historic Site, but so many attractions including the Port Arthur Coal Mines, Remarkable Cave, the Convict Trail, wildlife including little penguins at Eaglehawk Neck, the blowhole and the Tessellated Pavements,” Mr Ironside said.
Stewarts Bay Lodge has consistently high occupancy from multiple markets including international and interstate visitors, locals on short breaks, function and conference guests and the baby boomer travel market. "Tourism and hospitality properties are attracting growing investment interest on the back of positive visitor economy gains", Mr Ironside said.
Latest figures from Tourism Tasmania show 1.17 million people visited Tasmania in the year ending June 2016 (up two per cent), spending 10.2 million nights, which is an increase of five per cent on the previous year. Visitors spent more than $2.05 billion during 2015-16, nine percent more than the year before.
Tasmanian Hospitality Association (THA) figures showed record occupancy rates throughout the state, prompting Tourism Tasmania to lobby hard for more airline capacity and accommodation development to both cater for and drive higher demand.
The management rights business is listed with a price tag of $1.65 million, including the substantial freehold real estate component.
See also:
Franz Alpine Retreat, New Zealand Business For Sale