FOR SALE
$1,250,000

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Karumba QLD 4891

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2024m2
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Opportunity to own a Family Holiday Cabin Business!!! FREEHOLD $1,250,000

Our owners have been residing in the complex for many years and have made the decision to part with their lovely tourist complex.
This business of “Family Holiday Cabins” are well placed in the local tourism market to capture the family / fisherman holiday clientele offering an upmarket yet homely holiday feel.
The complex is situated at Karumba Point, very close to the Norman River boat ramps, Sunset Tavern, cafes, supermarket, swimming pool, road house and a 9 hole golf course.
Given 100,000 tourists per year visit Karumba, these Family Holiday Cabins certainly capture their market share. The road from Cairns has been upgraded of recent making it a tourist must drive the Savannah Way to the Gulf.
Karumba is on every-ones bucket list to visit!
AREA OF LAND: 2024m2 (more or less)
ACCOMMODATION:
3 Bedroom Owner’s Accommodation, 9 x units fully self-contained and 3 bay garage.
These Family Holiday Cabins are a freehold going concern offered for sale by the owners for the first time since 2006 by Private Treaty.
The business consists of a split-level main residence containing 3 bedrooms upstairs, an open plan home, 2 self-contained units on the ground floor with a self-contained office.
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Property Details for Contact Agent For Address, Karumba

Building Type
Commercial
Land Size
2024m2

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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 4.74% increase in median value, while Units have seen a -4.36% decrease. As at 31 October 2024:

  • The median value for Houses in Karumba is $157,178 while the median value for Units is $288,166.
There are currently 7 properties listed for sale, and no properties listed for rent in Karumba on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Karumba.

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Kim Kirkby
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KK Prestige Property
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