FOR SALE
$640K MR & $650k Unit = Total $1.290M

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Bowen QLD 4805

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Absolute Beachfront Resort Opportunity

This exceptional beachfront resort offers an unbeatable lifestyle and investment opportunity, with direct access to the sand and uninterrupted ocean views from every unit. The complex is a high-quality 4.5-star property featuring 37 fully furnished one, two, and three-bedroom apartments.
Located near the newly opened Bowen Orbital Spaceport, the resort is ideally positioned to attract visitors for rocket launches, with the first test launch expected in 2024. As satellite demand grows, the spaceport is anticipated to become a major drawcard, enhancing the region's appeal. Currently operated under management, the resort boasts strong repeat business and a loyal clientele with significant upside potential for the next operator to build upon its existing success and expand further.
- NOP - $239,635 in FY23 @ 2.75x multiplier and 18% ROI, discounted to sell, offers over $1.290M considered
- BC Salary $114,800.55
- 25-year Accommodation Module with 22yrs remaining
Manager’s unit, valued at $650,000, is a spacious two-bedroom apartment with a balcony offering ocean views, a private ground-floor courtyard with lawn and garden, and a reception/office on title.
Resort amenities include direct beach access, a saltwater swimming pool and spa, secure basement parking, and two lifts. An onsite restaurant, independently operated by a third party, has been a longstanding feature of the property.
This is a rare opportunity to live and work in a beachfront paradise, with plenty of potential to grow the business and capitalize on the region's rising prominence. Don't miss out on this exceptional property - secure your future in one of QLD's most sought after locations today!
** Ras360 Property Solutions – Specialists in Management Rights | Motels | Hotels | Pubs | Parks **

Property Details for Contact Agent For Address, Bowen

Building Type
Commercial

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About Bowen 4805

The size of Bowen is approximately 1,650.5 square kilometres. It has 27 parks covering nearly 4.2% of total area. The population of Bowen in 2011 was 10,260 people. By 2016 the population was 10,376 showing a population growth of 1.1% in the area during that time. The predominant age group in Bowen is 50-59 years. Households in Bowen are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bowen work in a labourer occupation. In 2011, 59.1% of the homes in Bowen were owner-occupied compared with 56% in 2016.

Bowen has 6,616 properties. Over the last 5 years, Houses in Bowen have seen a 60.00% increase in median value, while Units have seen a 110.09% increase. As at 30 September 2024:

  • The median value for Houses in Bowen is $411,691 while the median value for Units is $331,217.
  • Houses have a median rent of $550 while Units have a median rent of $410.
There are currently 158 properties listed for sale, and 19 properties listed for rent in Bowen on OnTheHouse. According to CoreLogic's data, 397 properties were sold in the past 12 months in Bowen.

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Malcolm O'Farrell
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Shane Croghan
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RAAS Property Group
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