Gone Fishin' Holiday Units, 1-3 Ward St, KARUMBA | Property for sale | Savills
1,201 sq m(12,927.46 sq ft)
Price on application

Gone Fishin' Holiday Units1-3 Ward St, KARUMBA

    Hotel
    1,201 sq m (12,927.46 sq ft)

    Key features

    • 11 well-appointed, air-conditioned & self-contained units positioned on a 789sq m* corner site
    • Average revenue of $163,000pa* over the last two financial years, potential to increase income with a room rate review
    • Located in Karumba’s tourist centre in close proximity to the beach, Sunset Tavern & Ash’s Café
    • Currently operated under management, an owner operator has the opportunity to capitalise on the nine (9) month tourist season and take the summer months off
    • Karumba is well-known for its fishing & pastoral industries, its economy is currently benefitting from New Century’s zinc mining and export via the port
    • Guest facilities comprise of laundry facilities, fish cleaning area and ample parking for cars, boats & trailers

    Gone Fishin' Holiday Units

    About this property

    • Karumba is a town located in the Gulf of Carpentaria with a base population of approximately 600 which swells in the “dry” season with approximately 100,000 tourists and semi-permanent residents visiting the region per year. This number has been increasing year-on-year due to the influence of the “in-vogue” self-drive tourism market. In recent years the town has developed in two sections, with the port / main town centre and the tourist centre (where the Sunset Tavern is located). The town’s economy is driven by the well-known and lucrative commercial fishing industry as well as the pastoral industry. In addition to this, Karumba’s economy is currently benefiting from New Century’s zinc mining & exports via the port.

      The Gone Fishin’ Holiday Units occupies frontage to both Ward Street & Palmer Street on a 1,201sq m* corner site directly opposite the Sunset Tavern and Ash’s at the Point Cafe. The assets facilities comprise of 11 well-appointed, air-conditioned & self-contained units, ample parking for cars, boats and trailers, a guest laundry facilities and a fish cleaning area.

    Local information

    • Located in Karumba

    Available space

    LevelTenancySale TypePriceAreaSqmStatus
    n aSale by Negotiation$970,000 plus GST (Negotiable)1201.00sq mAvailable