Base Backpackers on Magnetic Island hits the market

Base Backpackers on Magnetic Island hits the market
Base Backpackers on Magnetic Island hits the market

the beachfront Base Backpackers on Magnetic Island has hit the market.

Tenanted to Base Backers of Tourism Adventure Group, the property at 1 Nelly Bay Road sits on a near 1.1 hectare site fronting the water.

The main building occupies a total area of 1,244 sqm and the accomodation is in huts and campsites.

Base Backpackers on Magnetic Island hits the market

There are a total of 186 beds, 11 campsites, a commercial kitchen and a swimming pool.

Savills Hotels senior executive Christian Tsalikis says the offering will 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 on Magnetic Island hits the market

Tsalikis is handling the marketing with Leon Alaban, Savills Hotels director, who said the unparalleled location attracts 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."

Offers to purchase close December 5.

 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Backpackers Island

Comments

Be the first one to comment on this article
What would you like to say about this project?