Skip to main content
Tully QLD 4854

Tully QLD 4854

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • For Sale, FREEHOLD $4,850,000

BANANA BARRACKS FARM WORKER AND BACKPACKER ACCOMMODATION YIELDING 15.7% OWNER OPERATED FOR 2022 - 2733BF

    Strong and Consistent Earner, in the heart of Australia's Banana Food Bowl.

    - Easily run owner operated complex catering for Banana Workers all year round.

    - Super high yield accommodation property, 15.7% if run owner operated and 14.5% if run under management.

    - Consistent long-term income stream, with 94% of all Australian Bananas grown within a 75 km radius region of this aptly named Banana Barracks.

    - Australian Banana Industry is worth $1.4B and employs a total of 18,000 employees needing accommodation each and every season. About 16,500 employees work within a 75 km radius of the property.

    - Further potential for income growth, by using this as a base for regional expansion.

    Tourism Brokers is delighted to present for sale the Banana Barracks as Private Treaty.

    This is an outstanding opportunity to secure a super high yield accommodation property licensed currently to accommodate 120 beds, with further potential for income growth.

    - Currently the property has opportunity to add 40 beds, through the removal of the Rafters Night Club, refurbishing the area and increasing the total beds to 160, and adding a further $300,000 in Gross Revenue to the business.

    Investment highlights include:

    - Consistent income stream through long-term "workers accommodation", Tully Banana season runs through January to December requiring workers from pickers, sorters and packers.

    - A total of 16,500 employees needing accommodation, of which 94% of these within a 75 km radius of Tully.

    - Accommodation Standards and close monitoring from Government oversee the Overseas Worker Programs and Seasonal workers licence provides significant barrier of entry for other competitors.

    - Substantial upside in income through laundry, vending machine income and mobile phone accessory sales.

    - Positioned to benefit from the ever-growing popularity of banana nutrition. Forecast Owner Operated Earnings $763,369 for 2021/22 or place a Manager in for $85,000 plus Accommodation.

    Net Profit: $ 763,369 for 2021/22

    Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.

    Property ID: 2733BF (quote when enquiring)

    Property Code: 4332

    Property Highlights

    Floor Area1 m²
    Land Area2,866 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2018149301
    Category
    Last updated  4 Feb 2024
    Map for Tully QLD 4854

    Property Highlights

    Floor Area1 m²
    Land Area2,866 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2018149301
    Category
    Last updated  4 Feb 2024
    170 Scarborough St Southport QLD 4215

    More Hotel, Motel, Pub & Leisure for Sale in Tully QLD 4854

    For Sale$495,000
    tully, QLD 4854
    Hotel, Motel, Pub & Leisure
    For SaleREDUCED LEASEHOLD $430,000
    tully, QLD 4854
    1 m²
    Hotel, Motel, Pub & Leisure
    For SaleFREEHOLD $4,850,000
    tully, QLD 4854
    1 m²
    Hotel, Motel, Pub & Leisure