Travellers’ retreat a youthful venture
A RARE freehold property has become available in Port Douglas for a buyer looking to enter the budget accommodation sector.
Coral Beach Lodge has become available by expressions of interest for sale this month after the current owners’ nearly four-year tenure.
The lodge sold for more than $1.5m in October 2016.
Coral Beach Lodge includes an administration block comprising reception, dining, bistro and tour booking office, and three accommodation blocks.
Blocks two and three include rooms with private bathrooms, patios and courtyards.
The fourth block includes rooms with a shared bathroom and a self contained manager’s residence with private courtyard, which would also suit an owner occupier looking for a sea-change.
The complex currently operates 104 beds spread over a generous 4575 sqm property.
The 36 rooms include shared, twin, double and family rooms, with recently upgraded bathrooms and ensuites.
Other facilities include a lagoon-style pool, a tour desk, four indoor and outdoor lounge areas, two barbecues, games and cinema rooms, laundry, communal kitchen and a licenced poolside bar.
Coral Beach Lodge is also listed as the Port Douglas YHA and currently has a 92 per cent customer rating based on 1568 reviews. It is a short walk to Four Mile Beach and the Port Douglas town centre.
Steve Dobie of LJ Hooker Port Douglas said new owners could self manage, appoint staff or an experienced management employee was available to carry through. He said growth could be expected from more beds, further marketing, material upgrades, business partnering and the reopening of the bar/restaurant via the commercial kitchen facility.
For inquires call Mr Dobie on 0411 399 344 or Michael Samson on 0403 066 189.