Honeysuckle Cottages
The Offer
The freehold and the long-established accommodation business Honeysuckle Cottages, along with its leased restaurant, are on offer as is on walk-in/walk-out basis
(excluding the homestead content) at an attractive price, showing a conservative yield of 14.4%.
Please contact us for a detailed Information Memorandum and to arrange an inspection.
The Property
The purpose-built and substantial improvements, set on 1.817 hectares (approx. 4.5 acres) of natural rocky bushland, consist of eight detached brick cottages, a stand-alone sandstone faced restaurant, and a spacious 4-bedroom sandstone faced primary residence with two bathrooms and three toilets.
The Cottages offer guests total privacy and high levels of comfort. They sit at a distance from each other among tall native trees in a low-maintenance and delightful natural bush setting. They are well maintained, fully insulated, and all present in good condition with a distinctive federation style interior decor. The cottages are fully self-contained with well-equipped kitchenettes, roomy bathrooms and combustion log fire.
The primary residence includes a reception area and an office, a private master bedroom with ensuite and walk-in wardrobe, two living areas and a large utility room. There is ducted air conditioning throughout, a wood fire in the main living room, private undercover parking for five vehicles and a large storage shed.
The purpose built and fully licenced restaurant can comfortably seat 70 patrons in its spacious interior with high cathedral ceiling and heated slab floor.
It presents well with exposed wooden beams, antique iron chandelier, and quality furniture. It has a good size commercial kitchen and a separate bar. The popular eatery, trading as The Rocks Restaurant, is currently leased till March 2018 to an experienced operator who offers an exciting Korean and Japanese menu.
The Business
The accommodation business started circa 1993. Currently, the owners undertake the day to day operation with casual help for cleaning, landscaping and laundry services.
The business is very well- established with a good reputation resulting in repeat customers and robust word of mouth/referrals. It caters for the short-break drive market from Southeast QLD and Northern NSW, with the primary market segment comprising couples looking for a romantic getaway within driving distance from Brisbane and surrounds as well as the many travellers visiting the popular tourist destinations surrounding the property.
The occupancy is consistent and provides a decent income for a couple looking for a laid back lifestyle. The annual average is approx. 50%. In FY 2014/2015, the turnover from accommodation reached approx. $254k with a further $34k achieved from the restaurant lease and associated activities such as massage therapy, and winery tours for a total income of $289k, providing the owners with a healthy operating profit of approx. $172k after adjustments.
The Location
Stanthorpe is a town situated in South East Queensland on the New England Highway near the NSW border in a beautiful and scenic area characterised by numerous and significant national parks. It is 2.5 hours from Brisbane via Warwick, and 3 hours from the Gold Coast making it ideal for a weekend getaway for a large population catchment. It is renown as the coolest place in QLD being 811m above sea level. It enjoys four seasons including a snowy winter, a rare and exciting experience for the residents of the sunshine state and an irresistible attraction. It is also renowned for its apples and stone fruits and is forging a reputation for producing some of Australia's finest wines.
The town and the surrounding Granite Belt region are the centres of a booming tourism destination with numerous festivals like the Stanthorpe Wine Fiesta, Spring Wine Festival, The Apple and Grape Festival and Brass Monkey Season attract tens of thousands of people to the area.
Agent’s Opinion:
This is an opportunity to acquire a well-established, easy to run business in a unique part of Queensland where a healthy country lifestyle is on offer with fresh air and sunny days, crisp nights and log fires, four distinct seasons and delicious produce. Here you can make earn a comfortable living while enjoying a laid back and stress-free life.
INSPECTIONS ARE STRICTLY BY APPOINTMENT.
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