Substantial Beachside ‘Going Concern’ Opportunity with Upside Potential
Colliers are pleased to offer to the market for the first time in over 30 years, an outstanding opportunity to purchase a substantial amalgamation of the freehold and business interests in the prime Rainbow Beach Village retail trade area.
The offering consists of the freehold land & buildings + operating businesses for:
- 2 Rainbow Beach Rd - The Deck (Bar/Restaurant)
- 4 Rainbow Beach Rd – SPAR Supermarket & Salt & Vinegar Takeaway
- 6 Rainbow Beach Rd – Salt & Pepper Café
In addition, 6 Rainbow Beach Road includes a lease to Rainbow Beach Tourist Centre (freehold only, not including business).
An amalgamation of 3 parcels totalling 2,015sqm* in land area, 1,339sqm* of building area and with over 60 metres of frontage, the site is zoned Local Centre with a current 9 metre* height limit offering mixed-use redevelopment potential featuring retail on ground with Ocean view apartments above.
Rainbow Beach is one of Queensland’s iconic tourist destinations and acts as the gateway to K’gari (Fraser Island), Double Island Point and the Great Sandy National Park which attracts over 500,000* visitors annually. Touted by some as the ‘next Noosa’ due to its stunning natural beauty, surf beaches and National Parks it offers year-round tourist visitation from day trippers to international tourists.
Key additional features of the properties include:
- Combined Land Area - 2,015sqm* & 1,339sqm* building area
- Average annual turnover for the business components of over $7.25 million*
- Lease to Tourist Centre of $87,000/annum* Net
- Multiple income streams from Bar/Restaurant, SPAR Supermarket, Café and Takeaway businesses + Tourist Centre lease
- Beachside location with uninterrupted Ocean views from Bar/Restaurant
- Over 60 metres* of frontage to main village (Rainbow Beach Road)
- Zoned ‘Local Centre’ with mixed-use redevelopment potential
- Opportunity to purchase freehold & business and sell off business components to secure a substantial passive holding income with upside potential
- Potential to reposition, refurbish or redevelop the Bar/Restaurant to add additional facilities including Gaming lounge, Sports Bar with Ocean views
- Rainbow Beach is ideally located 102km* north of the Sunshine Coast’s Noosa, 123km* south of Hervey Bay and only 12km* from Inskip Point with barge access to K’Gari (Fraser Island)
2–6 Rainbow Beach Road, Rainbow Beach presents a rare opportunity to secure a substantial beachside amalgamation with considerable holding income and potential upside in a key Rainbow Beach location.
For Sale - please contact agent.
For further information, or to arrange an inspection, please contact the exclusive marketing agents Baydn Dodds or Jesse Howitt.
*Approx.
Remember to mention you found this property on CommercialReady
Close
