Sale of Port Douglas hostel could be a game changer

REAL ESTATE

Jeremy Lebeuf

Feature Writer

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Coral Beach Lodge is up for sale. Image: Supplied.
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The long-standing backpackers’ accommodation property recently incarnated as Coral Beach Lodge is up for sale with plenty of room for creative potential to any keen investors.

With the vacancy of International travel and the backpacking market at a standstill the business has struggled to put heads in beds – could this be the last port of call for backpackers to this property?

Real estate Agent Steve Doble of LJ Hooker Port Douglas said this is the ideal opportunity for someone to re-invent the clientele for this property.

“With more Domestic visitation a budget motel type accommodation would work really well here or as a medium-term spot for the visitor who wants to extend their stay.

“It’s a large parcel of land that could be bulldozed to create multiple residential townhouses and with previous approvals to build up an investor could create a multiple level holiday let unit complex,” he said.

Rare opportunities like this do not come along in charming Port Douglas very often - 1-7 Craven Close is a freehold listing just a stone’s throw away from iconic Four Mile Beach, Crystalbrook Super Yacht Marina, markets and Port’s main street.

Unique and inspiring this property is move in ready with all the heavy lifting already done with recent renovations and upgrades.

Along with a tropical lagoon pool and administrative building the property also boasts a large commercial kitchen, bar and restaurant that can spark the imagination of potential purchasers.

“On Council approval this would be a fantastic entertainment place, especially now that the Iron Bar is no longer offering a late-night option,” he said.

If you have ever wanted to make your mark in real-estate or add to an existing portfolio – the door is knocking, in a climate that will only grow, located in a highly sought-after tourism destination - this opportunity may not last long.

A property of this calibre and endless potential, in paradise, rarely presents themselves and seldom last long – to learn more call Steve Doble on 0411 399 344 or visit www.1-7cravencl-portdouglas.ljhooker.com.au/  



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