62 Yappar Street

Karumba QLD 4891

Karumba is a fishing destination and industrial port on the banks of the Norman River where anglers from all over Australia arrive to try their luck in the fish-rich waters of the Gulf. World Class Barramundi fishing, heaven fashioned for the fisherman in the mouth of the Norman River.

Current owner is interstate and has invested wisely in constant improvements making it truly the 'gem in the crown' of Karumba accommodation. Planning to move on to other ventures, the hard work is done and ready for the new owners to maximise their returns. The owner is not testing the market, a magnificent property and a magnificent opportunity.

This is a lifestyle or investment opportunity with so many options which include:

Owner occupier runs the motel, focusing on more short-term rentals and has an onsite manager
Focus on longer term rentals to local and/or fisherman working from Karumba. Raptus fishing or New Century Resources port facility
An onsite manager in place, share the profits. Or sell the leasehold keep the freehold, what a cash cow.
Or any variation of the above, the business is ready to go. There is a massive scope to improve the already great returns. (nett return over $22.40%)

The fully air-conditioned accommodation consists of 12 newly renovated and self-contained furnished units of varying sizes and configuration.

Features of the property include:

Closest accommodation to the largest and best boat ramp in Karumba.
A sparkling pool to chill out in.
Throw a line in the Norman River and land a monster Barramundi.
BBQ area with the most amazing views across the River.
Fish cleaning facilities, with excellent boat trailer parking.
Industrial size back-up generator so guests are never without power.
Across the street from the Supermarket, Post Office, Hotel, boat ramp, cafe and other town facilities.

This property must and will be sold

Financial Statements available on request.