The current owners of Heritage Ecolodge Kuranda have engaged LJ Hooker Commercial Brisbane to sell the resort property at Greenhills Road, Kuranda, Qld, 4881. Whilst the resort is not currently trading, this presents as an incredible opportunity for an investor or developer to return the property to its former glory and cash in on the booming demand for tourism in tropical Far North Queensland.

The property possesses the following key features (all in various conditions):

* Strata titled complex.
* 51 chalet style units.
* 8 apartments
* Approval to build another 11 units
* Manager’s residence
* Licensed for 160 backpacker beds, with 64 currently operational.
* Commercial laundry;
* Licensed bar and restaurant – 200 seat capacity
* Commercial kitchen
* Conferencing facilities
* Theatrette
* Day-Spa centre
* Gymnasium and full-sized tennis court
* Saltwater pool and spa, cascading over two levels
* Main highway frontage
* 1.6 kilometre walking track to Kuranda Village.

There is also an opportunity to tap in the function and reception markets, as well as day trippers.

Further, once renovated and re-operating an astute buyer could ‘sell down’ the finished development in the following combination of ways:

1. Sale of the individual chalets;
2. Sale of the management rights;
3. Sale of the backpackers, restaurant, conferencing and gym facilities;
4. Sale of the resort as a freehold going concern.

Contact marketing agent Keir Kreis for further information and a copy of the contract for sale.