The Gladstone Region’s largest single site accommodation provider, Homeground Accommodation Village, is being offered for sale through Colliers via an International Expressions of Interest campaign closing Thursday 21st July.

The 1,392-bed accommodation village, located near Calliope, Queensland, has been owned 100% by Decmil since 2012.

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Source: Colliers

Located on a large approx. 33ha parcel of land, Homeground is strategically positioned approximately 20 minutes west of Gladstone City to provide easy access for workers to major industrial projects.

The 4-star complex features extensive facilities including a 500-seat dining room and licensed tavern, resort style swimming pool, indoor and outdoor gymnasium, sporting courts and recreation centres.

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Source: Colliers

As part of the sales process, Decmil is offering to lease the village back for 20 plus years on a triple net lease with initial net income at $6m per annum and 3% fixed reviews year on year. Decmil will continue to operate and maintain the camp to accommodate future projects in the catchment.

The property offers development potential with approvals in place for an additional 1,408 rooms.

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Source: Colliers

Decmil Interim CEO Vin Vassallo said the offer to lease back Homeground from a buyer over a long-term period reinforces the company’s long-term commitment to regional Queensland.

“The strong outlook for major projects and the Gladstone region as a whole gives us confidence to provide attractive lease terms to an incoming owner,” he said.

For more information please email the Colliers marketing agents John Marasco, Tom O’Driscoll, Nick Wedge, or Gus Moors via the contact form below.