Investment option in tourist mecca
A BACKPACKERS retreat with uninterrupted ocean views on Magnetic Island is set to attract investors, as it is offered to market with tenant Base Backers of Tourism Adventure Group.
Base Backpackers, located at 1 Nelly Bay Rd, is offered for sale via an expressions of interest campaign run by marketing agents Christian Tsalikis and Leon Alaban of Savills.
Savills Hotels senior executive Christian Tsalikis said the offering would stand as a secure investment, underpinned by the lease to Base Backpackers.
“Tourism Adventure Group owns and operates 28 backpackers across Australia and New Zealand through their three brands – Base, Nomads and United,” Mr Tsalikis said.
Base Backpackers is located on a 1.068 hectare site, developed with the main building occupying 1244sq m.
The property comprises 186 beds, 11 campsites, plus food and beverage facilities.
Savills Hotels director Leon Alaban said the location attracted both international and domestic tourists who want to experience the best of what Queensland has to offer.
“The offering provides investors with the ideal beachfront asset, a solid covenant with a lease to Base Backpackers, who operate a business that procures an excellent trading history”, Mr Alaban said.
Expressions of interest to purchase Base Backpackers close at 4pm on Wednesday, December 5.
ENVIABLE OUTLOOK: Base Backpackers, Magnetic Island, is for sale via an expressions of interest campaign.