CBRE Hotels is pleased to offer for sale the iconic Club Crocodile Airlie Beach Resort.
Key investment highlights:
- 161 room resort - one of the largest accommodation offerings on the Whitsunday coast.
- $1.3 million* major refurbishment in 2014/15, with 75 rooms presenting 'as new'.
- Substantial facilities - large restaurant and bar, swimming pool, tennis court, meeting venues.
- Offers Vacant Possession and a manager's residence - upside potential through rebrand/refurbishment.
- Large 1.3ha* freehold site with redevelopment opportunities including resi-conversion (STCA).
- Frontage to the major arterial highway offering prominent exposure to passing traffic.
- The Whitsundays have recently seen double digit growth in accommodation market performance in the past 18 months off the back of record tourist arrivals and passenger movements.
- $2+ billion in major development projects including the new international airport opening in 2016.
FOR SALE BY EXPRESSION OF INTEREST CLOSING THURSDAY 12TH MAY 2016 AT 1:00PM (AEST) (UNLESS SOLD PRIOR)
