Saltwater takes Berkeley River Lodge leasehold through Savills

Saltwater takes Berkeley River Lodge leasehold through Savills
Saltwater takes Berkeley River Lodge leasehold through Savills

Saltwater Properties has purchased the leasehold over Berkeley River Lodge in the Kimberley region on the north coast of Western Australia, with price suggestion of under $10 million.

The property features 20 spacious villa units with Timor Sea, Berkeley River and Kimberley views, restaurant, bar, conference and pool facilities, staff accommodation, workshops and a dedicated airstrip on a 4704 hectare site.

The leasehold on the four year old 5 star resort is 20 years with a 20 year option. It was was sold by Berkeley River Holdings through Savills senior hotels executive Nic Simarro.

Mr Simarro said said the property had attracted 36 enquiries from a mix of local and offshore investors, but was exceptionally well suited to Saltwater which owns and/or manages up to 30 hotel/resort/apartment properties across Australia including Broome properties, Kimberley Sands Resort & Spa and the Pearl of Cable Beach.

"This is really an extraordinary property from the flight in over some of Australia’s most iconic outback landscapes to the beautiful expanse of the Timor Sea, the Berkeley River, panoramic views, and the high level of individual accommodation and service which includes a 5 star restaurant,’’ he said.

"The fact the Berkeley was offered at well below replacement cost and that the resort offered exceptional growth potential, given occupancy had grown exponentially since its 2012 opening, were also important factors."

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Tags: 
Tourism Northern Territory

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