The exquisite Forrest Beach Hotel has come to market, offering a broad business and big upsides in a sunny patch of northern Queensland.
Forrest Beach is a coastal town of around 1200 people, an hour and a half drive north of Townsville, and 15 minute’s east of Ingham. Its name comes courtesy of George Forrest, identify of Ingham’s big sugar mill.
Ingham is currently planning the proposed $640 million North Queensland Bio-Energy project – a state-of-the-art facility that will be a first of its kind in Australia, producing power from ethanol, derived from raw sugar. It is expected to be a major boost for the local Herbert River District economy, employing hundreds of people.
The Forrest Beach Hotel complex is an integrated business, with a newly renovated hotel, beachfront motel, and boutique caravan park, set on 22,000sqm with 200 metres of absolute beachfront. It holds a commercial hotel licence, catering for up to 200 pax.
For the past several years, under current ownership, the overall business has been run under the guidance of one manager, with focus on the Hotel. The business partner owners are diverging and seek to offload the property.
While the motel operation shows distinct opportunity, with minor development the caravan park reportedly holds potential as a thriving business to complement the pub.
“I’d describe the location as perfect, perfect, perfect,” says Resort Brokers Australia’s Des Fagg, marketing the property.
“It needs a hand-on operator with money in their pocket to upgrade it, and the caravan park would fill up in winter during nomad season.”
The overall business currently shows net annual profit of $367k.
The freehold going concern of the Forrest Beach Hotel complex is taking offers to purchase above $3.5 million.