A premium Going Concern Freehold + Business with development potential in Queensland’s iconic tourism destination, Rainbow Beach for sale through Colliers Baydn Dodds, Jesse Howitt, and Nick Dowling.

Rainbow Beach acts as the gateway to Fraser Island (K'gari), Double Island Point, and the Great Sandy National Park and is touted by some as the "next Noosa" due to its stunning natural beauty, surf beaches, and national parks, it offers year-round tourist visitation from day-trippers to international tourists.

Ideally positioned at the beach end of the Rainbow Beach Village, 2–6 Rainbow Beach Road, Rainbow Beach comprises a variety of established businesses and purpose-built improvements.

The property has a combined land area is 2,015 square metres with a building area of 1,339 square metres. The property is zoned Local Centre with a current nine metre allowable height limit.

It is being offered on a ‘Going Concern’ basis, encompassing both freehold and business/leasehold interests. The site generates multiple income streams from the licensed Bar/Pub, SPAR Supermarket, Salt & Pepper Café, Salt & Vinegar Takeaway, and Tourist Centre lease.

These established and proven businesses have a solid trading history with an average annual turnover for FY24/ FY23 of $7.25 million. Existing ocean views from the Bar/Pub provide potential for additional height (STCA), and there is a balanced land area with value-add potential.

Baydn Dodds said “this is a rare opportunity to invest in a property that combines both immediate income and substantial growth potential. Rainbow Beach is quickly becoming one of Queensland’s most sought-after destinations.”

Jesse Howitt commented that with its prime location and diverse range of businesses, the property is perfectly positioned to capitalise on the growing popularity of Rainbow Beach.

Nick Dowling said the combination of existing successful businesses and the potential for future development makes this property an exceptional investment opportunity.

The properties are located at the northern/beach end of the main village strip and business district. Apart from the surf club, this is the closest commercial property to the beach.

Due to the properties' positioning and high-quality mix of discretionary and non-discretionary offerings, 2–6 Rainbow Beach Road attracts high volumes of foot traffic with the majority of visitors tending to gravitate to this end of the street.

Future ‘mixed-use’ development potential across the combined site area presents an exceptional opportunity to acquire one of Rainbow Beach's key future development sites, with the benefit of established businesses offering significant holding income and trading upside potential via refurbishment, redevelopment, or re-positioning.

The properties are being offered for sale via Expressions of Interest closing Thursday, 22nd August 2024 at 4pm.

2–6 Rainbow Beach Road, Rainbow Beach for sale by Colliers