Ellis Beach holiday park listed for sale with apartment redevelopment approvals

The Ellis Beach Oceanfront Bungalows Holiday Park has been listed for sale with approvals for a 221-key resort development including hotel, motel and apartment accommodation. The holiday park and the adjoining Ellis Beach Bar and Grill have been listed for sale with expressions of interest closing September 9. The Captain Cook Highway property overlooking the Coral Sea 28km north of the Cairns CBD, with bungalows, caravan and campsites. The site is a combination of crown and perpetual leases over two parcels that include the beachside camping area and the bar and restaurant on the other side of the highway. The Tropical North Queensland site includes a 9.7ha property held under perpetual lease. It charges up to $210 a night high season. CBRE agents Danny Betros and Scott Callow are running the national marketing campaign. “It presents a prime opportunity to make the most of a recently granted 20-year state government lease over the land, which secures the operation into the future,” the local paper reported. “DA approvals for projects of this scale take considerable investment and provide real value for an incoming purchaser, ” Callow added. According to the development application lodged with council, the existing Ellis Beach Bungalows and Caravan Park are unable to satisfy existing demand for accommodation at Ellis Beach during the peak season. Bellbird Park Developments Pty Ltd which has operated Ellis Beach Bungalows and Caravan Park and the Ellis Beach Bar and Grill for many years, initially lodged the application in 2012. The $100-million project involved eight stages. They were granted an extension pending the environment approval in 2018. CoreLogic indicate the site last sold in 2003 at $3.75 million in a liquidation sale.