584 Maleny-Montville Road, BALMORAL RIDGE QLD 4552
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- 7 Apr 2017
Lillypilly's Cottages and Day Spa
For sale is the tourist retreat known as ‘Lillypilly’s Cottages and Day Spa’ which comprises a spacious high set residence, five studio cottages, an in-ground pool and two carports for up to 7 cars on a near rectangular landscaped site (5423 m²). Along with the freehold, the well-established short-term accommodation and ancillary day spa businesses are for sale as a going concern. The sale is inclusive of the furnishings in the cottages, an excellent website, and the business name. The asking price reflects a return on investment of 15.36%.
Contact us for a detailed Information Memorandum and to arrange an inspection.
The main residence comprises three bedrooms (two with ensuite bathrooms), a large open living and dining area with its bar and cellar room, a kitchen with an informal dining area and pantry. It also comprises a reception/office area with a separate toilet, and a laundry/store room. The undercover deck comprises several delightful seating areas and a 6-person spa, with quite a breathtaking view of the green valley and distant lake below. The day spa area comprises two treatment rooms, amenities, and a waiting room.
The five cosy cottages offer quality studio accommodation with high-end fittings, fixtures, and inclusions. They each have a comfortable queen bed, a fully equipped kitchenette with a stone benchtop, a romantic two-person spa bath, and a spacious bathroom. They also have a covered veranda with either valley views or a garden setting.
All improvements are in good condition and feature timber flooring, combustion wood fire heaters, air conditioning, and ceiling fans.
Fantastic views of the valley below and the Baroon Lake can be enjoyed from the balconies of three of the rear cottages, and most spectacularly, from the extended covered deck of the main house.
Lillypilly’s was established circa 1996 and has gradually built a great reputation, earning a certificate of excellence from Trip Advisor and numerous excellent reviews. The cottages are specifically designed for the comfort of couples seeking some romance and serenity in this beautiful part of the world.
A husband and wife currently run the business with part-time help from a housekeeper. Local therapists are also contracted as required for the Day Spa operation of massages, facials and beauty treatments.
The core accommodation business is easy to run with most linen work outsourced to a local laundry; The cottages are easily accessed for cleaning, and daily food provision is limited to a cooked breakfast with further meals optional and by prior arrangement at an extra charge.
The day spa component of the business (established in March 2013) can be completely outsourced or the two treatment room area located within the main residence can be turned into extra bedrooms if required.
The business is very healthy and continues to enjoy improved performance. In FY 2016, occupancy levels reached a respectable 66%, producing gross income of approx. $460k, and an adjusted net profit of approx. $254k.
The property is located midway between the famous hinterland townships of Maleny and Montville on the iconic Blackall Range in South East Queensland. It is in a tranquil rural setting, less than 7km southwest of Montville and approx. 6 km east of Maleny. The regional center of Maroochydore and the beautiful beaches of the Sunshine Coast are approx. 33km east (40 min drive).
The surrounding hinterland area is a popular tourist destination and is well known for its relaxing atmosphere, unique beauty and many natural attractions such as the Mary Cairncross Reserve and the Kondalilla National Park. Visitors to the area come to enjoy the fresh air, the beautiful views towards the coast and surrounding mountain ranges as well as the many restaurants, art galleries, and specialty shops.
Lillypilly’s Cottages and Day Spa is an attractive proposition offering that rare combination of an enviable lifestyle and a viable, profitable business that can be managed by a couple with limited part-time help. The location is quite ideal offering the best of two worlds, country living with all its health and spiritual benefits while being close to glorious beaches, developed regional towns and the capital city of Brisbane, which is less than 1.5 hours away. The cottages are well maintained and tastefully furnished and presented. The main house offers its occupants great living spaces. Lillypilly’s ticks all the boxes for a tree change move that does not compromise income, comfort or convenience.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
584 Maleny-Montville Road BALMORAL...