- Conservative net with huge projects in the area.
- Rare a money-making opportunity that has a solid foundation and business.
- Room to increase tariffs and occupancy.
- Benefiting from recent $75M Atherton Hospital multistage redevelopment.
- The $373M Kaban Green Windfarm has also fuelled growth in the area.
- More business coming with the Chalumbin Wind Farm.
- 28 suites and apartments (10 added in 2019/20).
- Currently run as a bed and breakfast motel.
- Potentially another 10 -15 units subject to Council approval.
- 1.34 Ha (includes undeveloped land).
- Conference and function room that can handle 80 people.
- Large and private 3 bedroom residence.
- Significant depreciation allowance available from recent works and development.
- Atherton is renowned for its fertile soil and favorable climate for agriculture.
- Ongoing development and improvements
- Serves as a gateway to numerous tourist attractions, including the Great Barrier Reef, Wet Tropics Rainforest, and several national parks.
- Area surrounded by lush rainforests, waterfalls, and stunning landscapes.
- Project announcing approx. 400 jobs during construction and 15-30 full-time jobs for operation and generate around $300 million in local and regional expenditure during the construction period is imminent.
- Fruit production expected to quadruple for berry growers Berry North in the Atherton Tablelands with the help of a Rural Economic Development (RED) Grant.
- Atherton ranks 1st on our list of suburbs that property investors should look into.
- Belongs to the local government area of Tablelands (R). ATHERTON with a capital gain of 14.84% for the past year, which is higher than average compared to its 29.29% growth within a five-year period as published Smart property Investment.
Net Profit: $815,107 for 2021/22 and growing
Contact Laurence Crowley from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2792MF (quote when enquiring)
Property Code: 4656
