Investment Opportunity - Freehold Accommodation & Bar

An exceptional opportunity presents to secure a prominent freehold accommodation and hospitality asset in the heart of Tully, one of North Queensland's most recognised tourism and agricultural hubs.

Positioned on a substantial 2,866m² fully fenced CBD allotment with dual street access, CCTV security, Banana Barracks & Rafters Party Bar is a well-established backpacker accommodation and licensed bar operation available on a 'Walk In Walk Out' basis, inclusive of both the freehold property and the operational business. This rare offering delivers diversified income streams across short term accommodation, hospitality operations and commercial lease arrangements.

Approved to accommodate up to 120 guests, the complex features purpose built improvements designed to service the strong working backpacker and tourism market that frequents the region. Guests enjoy a range of accommodation options complemented by extensive communal and recreational facilities, including bar areas, pool and entertainment spaces. An on site commercial kitchen, currently not in operation, provides further upside potential for additional income via owner operation or lease.

Key Features:
• Substantial 2,866m² CBD freehold site
• Freehold title with established backpacker accommodation
• Leased premises for bar nightclub restaurant operation
• Purpose built accommodation, bar facilities, pool and recreational amenities
• Significant insured asset base
• Multiple revenue streams including short term accommodation, hospitality income and commercial lease
• Strong historic working backpacker and tourism catchment
• Fully fenced allotment with CCTV security
• Central township location within walking distance to amenities and transport
• Freehold and businesses available for purchase on a 'Walk In Walk Out' basis

Ideally located at 50 Butler Street, Tully's main street, the property is within easy walking distance to the town's bus terminal, IGA, post office, chemist, banks and retail outlets. The site also benefits from additional frontage to Richardson Street, enhancing accessibility and exposure within the township.

This is a rare opportunity to acquire an established freehold accommodation and entertainment venue in a tightly held Far North Queensland market, offering immediate income with future growth potential.

Contact Ben Keene or David Murphy today for further information.

Disclaimer:
All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.

Inspections

Auction

Tuesday, 10 November Starts 5:30 PM 47 Moffat Street, Cairns North

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School catchments

St Clare's School Primary Prep-6 Catholic 0.63km
Tully State School Primary Prep-6 Government 0.65km
Tully State High School Secondary 7-12 Government 0.87km
Feluga State School Primary Prep-6 Government 7.3km
Lower Tully State School Primary Prep-6 Government 10.5km
El Arish State School Primary Prep-6 Government 16.2km
The Rainforest School Primary Prep-6 Independent 17.2km
The Rainforest School - South Mission Beach Campus Primary Independent 17.2km
Mission Beach State School Primary Prep-6 Government 18.0km
Murray River Upper State School Primary Prep-6 Government 19.1km
Silkwood State School Primary Prep-6 Government 23.3km
St John's School Primary Prep-6 Catholic 23.5km
Kennedy State School Primary Prep-6 Government 30.7km
Mena Creek State School Primary Prep-6 Government 31.3km
St Rita's School Primary Prep-6 Catholic 38.0km
South Johnstone State School Primary Prep-6 Government 38.7km
Radiant Life College Combined Prep-10 Independent 45.3km
Good Counsel College Secondary 7-12 Catholic 47.2km
Innisfail State College Secondary Prep-12 Government 47.9km
Ravenshoe State School Combined Prep-12 Government 58.6km
Ravenshoe State School - Senior Campus Secondary Government 58.6km
St Teresa's College Secondary 7-12 Catholic 60.7km
Babinda State School Combined Prep-12 Government 65.4km
Malanda State High School Secondary 7-12 Government 73.0km
Hinchinbrook Christian School Combined 1-7 Independent 82.4km
Gilroy Santa Maria College Secondary 7-12 Catholic 82.6km
Ingham State High School Secondary 7-12 Government 84.1km
Herberton State School - Secondary Campus Secondary Government 84.3km
Mount St Bernard College Secondary 7-12 Catholic 84.4km
Herberton State School Combined Prep-10 Government 85.1km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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