Kangaroo Island Exclusive Cottages and Backpackers
Kangaroo Island Exclusive Cottages and Backpackers
Kangaroo Island Exclusive Cottages and Backpackers
Kangaroo Island Exclusive Cottages and Backpackers
Kangaroo Island Exclusive Cottages and Backpackers
Kangaroo Island Exclusive Cottages and Backpackers
Kangaroo Island Exclusive Cottages and Backpackers
Kangaroo Island Exclusive Cottages and Backpackers
Kangaroo Island Exclusive Cottages and Backpackers
Kangaroo Island Exclusive Cottages and Backpackers

Kangaroo Island Exclusive Cottages and Backpackers

$1,455,000

Located on 35 acres and operating with seven fully furnished self-contained cottages overlooking a picturesque lagoon, a five bedroom backpacker hostel, restaurant, licensed bar and manager's residence, at famous Seal Bay.

Key Features

  • Strong passive investment with experienced operator holding lease
  • Turnover and net profit improvement year-on-year
  • Major renovations and improvements completed in past 12 months
  • Accommodation presently for 64 guests with council approval for a further 6 person cabin
  • All infrastructure (water, sewer and electricity) for the extra cabin is already in place
  • An application to council for additional cottages or cabins would receive favourable consideration
  • Opportunity to purchase leasehold, if required
  • $9 million airport upgrade expected to inject $30 million into Island economy
  • Massive growth market for festivals with council approval for thousands of patrons

NB: Property inspections are by appointment only

 

Key Details

Listing Ref: INV004552
Property Type: Caravan / Cabin Park
Region: SA - Eyre Peninsula
Suburb: Seddon
Sale Type: Freehold Passive Investment
Price: $1,455,000

Location

Listing Agent(s)

Agent Feedback

Without Ian's negotiating skills the sale of Horizons Resort would not have got across the line! I would like to take this opportunity to thank you for your assistance and would have no hesitation in recommending Ian Dore or Resort Brokers to any interested persons in the future.

- Ian Barry
Previous Owner,
HORIZONS RESORT