Business Display

Bowen, Queensland

Small Freehold Holiday Apartment Complex with Residence - Bowen, Qld

Price: $1.5 million
Listing ID: 1310


With a strong economic future forecast for the coastal town of Bowen, there's never been a better time to invest in the area; now's your chance with this excellent freehold opportunity.
Palm View Apartments offers a great income from a long established accommodation business, plus a comfortable home, just 100 metres from the beach.

-Top quality apartment complex in lush tropical gardens
-5 fully self-contained, one-bedroom apartments plus a secluded studio apartment/cabin - all refurbished
-Spacious 3 bedroom owners' residence or extra guest accommodation with new kitchen
-Business established 50 years ago - run by the current owners for 15 years
-Clientele includes corporate visitors and holidaymakers
-Great reputation for quality accommodation and friendly service
-Freehold land and buildings 100 metres from beach
-Inground pool with new outdoor kitchen and BBQ
-New roof and freshly landscaped gardens
-Easy access to the Great Barrier Reef

The current owners implemented a progressive refurbishment program when they bought the business and the results are fabulous. They live offsite and rent out the residence as additional guest accommodation.
With the Carmichael mine now going ahead, and subsequent rail construction and port expansion, good things are forecast for the Bowen economy making this a very smart investment.
With amazing beaches, pristine ocean and the best snorkelling and scuba diving on your doorstep, Palm View Apartments offers an envious lifestyle with a steady income.
The current owners purchased this business as a major sea-change and the time has now come for them to retire.

Price: $1.5 million


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Bowen, Queensland