The Stradbroke Island Beach Hotel and Resort Spa at Point Lookout is being offered for sale – paving the way for the property to change hands for the first time in over 20 years.
The Stradbroke Island Beach Hotel occupies an exclusive headland site on the most easterly point of the Queensland coastline. It offers northerly panoramic ocean views and direct access to Point Lookout’s Cylinder Beach.
CBRE Hotels’ Paul Fraser is marketing the property via a private treaty process on behalf of developer and investor Bob Hill.
“This landmark asset, situated in one of Brisbane’s most visited holiday destinations, offers multiple income streams – delivering a strong upward trending cash flow and bottom line business,” Mr Fraser said.
“The incoming owner will reap the benefit of a strong initial yield in addition to huge upside and revenue growth opportunities, particularly through the food and function offerings.”
The hotel is situated on a large, 3,267sqm site and consists of a main bar, bistro, beer garden, gaming room with machines, TAB, function room and on-site bottle shop. There are 13 accommodation rooms and management rights for an adjoining complex comprising 16 units.
Mr Fraser noted that the Stradbroke Island Beach Hotel had the only two retail offerings on the Island, including an on-site bottle shop and detached bottle shop at Dunwich.
“As such, this hotel has a complete captured market in relation to off premises retail sales, ensuring constant cash flow year-round,” Mr Fraser said.
To discuss the sale in further detail contact Paul Fraser of CBRE via the below details.
See also:
Daydream Island’s $86m redevelopment
Brisbane's Emporium Hotel sold in $40m deal
Brisbane's riverfront icon sold for the first time in 31 years
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