FOR SALE
Offers Over $2,500,000 Plus Sav

26-28 Palmer Street
Karumba QLD 4891

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5021m2
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Ocean Front Queensland Resort Style Motor Inn ( NB The adjoining tavern could also be for sale )

The romance of the outback
The Magnetism of the Ocean
The exceptional money making income  
Derived and enjoyed from this magnificent resort.
Ideally suited to a family group or two business partners to capitalise on this already successful business.
Written words could never accentuate the outstanding possibilities this resort offers.
NB note: this resort defies any comparison to any east coast motel currently on the market.
FHGC Motels of this caliber are indeed a rarity.
For further information and a copy of the memorandum please call Andrew or Carla ( 0434 552 550 )

Property Details for 26-28 Palmer St, Karumba

Building Type
Commercial
Land Size
5021m2

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About Karumba 4891

The size of Karumba is approximately 136.9 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Karumba in 2011 was 587 people. By 2016 the population was 522 showing a population decline of 11.1% in the area during that time. The predominant age group in Karumba is 50-59 years. Households in Karumba are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Karumba work in a labourer occupation. In 2011, 50% of the homes in Karumba were owner-occupied compared with 57.4% in 2016.

Karumba has 410 properties. Over the last 5 years, Houses in Karumba have seen a 20.33% increase in median value, while Units have seen a 27.01% increase. As at 30 November 2024:

  • The median value for Houses in Karumba is $167,700 while the median value for Units is $382,680.
There are currently 7 properties listed for sale, and no properties listed for rent in Karumba on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Karumba.

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