The Ellis Beach Oceanfront Bungalows Holiday Park and Beach Bar and Grill with accompanying DA approval for a 221-key resort development in tropical North Queensland has been listed for sale.
Overlooking the Coral Sea north of Cairns, the beachfront location is a popular holiday destination, with bungalow, apartment, caravan and camp site options.
CBRE’s Danny Betros and Scott Callow have been appointed to manage the sale campaign, with Expressions of Interest invited by September 9, 2021.
Ellis Beach is just five minutes from the popular Palm Cove region on the picturesque Captain Cook Highway that links Cairns to Port Douglas.
Mr Betros, Managing Director of CBRE in Cairns, notes North Queensland is experiencing strong demand from domestic travellers looking to explore more of Australia while international borders are closed.
“The volume of domestic travellers that we have seen coming to the Cairns region has meant that businesses like this have traded at strong levels,” he said.
“This multi-faceted business has experienced strong trading conditions and operates under management.
“It presents a prime opportunity to make the most of a recently granted 20-year State Government lease over the land, which secures the operation into the future.”
The beachfront operation is accompanied by a 9.763ha site, land held under Perpetual Lease.
DA approval has been granted for a 221-key resort development comprising hotel, motel and apartment accommodation.
“Investor demand for beachfront property in the leisure market of caravan and camping sector has never been stronger,” said Mr Callow, Senior Director of CBRE Hotels.
“This is indeed a rare opportunity to be able to acquire such a well located business operation, which is expected to benefit with significant ongoing domestic demand.
“DA approvals for projects of this scale take considerable investment and provide real value for an incoming purchaser.”
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