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Australia's Most Northern Hotel For Sale

United States
Asking Price:
Available on request
Sales Revenue:
Available on request
Cash Flow:
Available on request

Please note this business is located in Australia but may be of interest to buyers from USA.

Horn Island, Far North Queensland could be described as the last frontier being an island on the tip of Australia, in the Torres Strait between mainland Australia and Papua New Guinea.
The Wongai Beach Hotel, is in the unique position of servicing a wide range of clientele from local residents, visiting workers, holiday makers and even more uniquely, supplying the string of islands in the Torres Strait.

This is also the only hotel on Horn Island with a takeaway license.

This sale is for the business and freehold land and shows a significant high yield and the potential to further increase via approved plans for more accommodation units from the local shire. (Plans available)

Not only is the Wongai Beach Hotel a very successful & profitable enterprise, it supports a lifestyle and/or significant business opportunity rarely discovered. It enjoys an established clientele who appreciate a relaxed tropical location while travelling for work or leisure.

Wongai Hotel is a significant tourism destination as it supplies quality central accommodation to the local Islands with many tours associated with fishing charters, war museum and history, trekking, cycling and general exploring.

It is the original and only local pub and serves as a great social outlet for the community. It operates 7 days and provides a venue for many local important celebrations.

It is 40 kms NNW of the tip of Cape York, with an area of 53 square kms and is the home of a licensed international aerodrome considered to be the gateway to the Torres Strait and the Northern peninsula Area.
There are daily flights from Cairns plus weekly shipping for larger freight and supplies.

The close proximity to the airport and the ferry wharf make it an ideal location for travel to and from Thursday Island, the outer islands, Cape York and Cairns.

For sale is the Real Estate and business as a going concern.

The property comprises a 24 year old single level hotel complex, including the public bar, lounge, bar/gaming rooms, dining, kitchen, storage, office, amenities and a two bedroom managers quarters.

There are 4 motel units plus 17 cabins with open decks set amongst tropical gardens with direct access to the two swimming pools.

There is high demand for accommodation associated with defence, customs, fisheries, marine and aviation industries requiring short, medium and long term accommodation close to the airport and the administration hub of the region.

Commercial fishing is a significant industry in the region particularly prawns, rock lobsters and Spanish mackerel.

Gold mining is synonymous with Horn Island both historically and currently with drilling recommencing with a view to again establish a viable mining operation. There is positive progress with the mine now completing further studies with the intention of establishing viability; and to again move into production in the coming years.

The owners have prepared an extensive Information Memorandum which contains significant details including full financial summaries.
This IM is available subject to some terms and conditions.

The current owners oversee the hotel and business a majority of time from their mainland base and have in place trained staff who professionally manage the business and freehold.
The owners do attend at Horn Island on a regular basis but this is not critical to the overall management and profitability.

If you are looking to acquire a hotel/resort/successful business opportunity in one of Australia's most iconic locations, we look forward to forwarding you further information.

Property information

Real Estate:

Real Property Included

Living Accommodation:

There is a 2 bedroom Managers residence within the main hotel complex and a separate building of 4 motel units.
Set amongst established tropical gardens there are 17 air conditioned cabins with ensuite. All cabins have spacious and airy decks under the roofline and include lounge chairs and side table for guests to relax. Each cabin has a kitchenette with sink, microwave, refrigerator, toaster and kettle and ceiling fans.
Furnishings include king bed with provision to split singles, table and chairs and flat screen TV.
All have direct access to the two swimming pools.

Location:

2 Wees St, Horn Island, Far North Queensland

Premises Details:

The property comprises a 24 year old single level country hotel complex constructed of painted masonry block walls.
The main building includes the public bar, lounge, bar/gaming room, dining room kitchen, storeroom office, amenities, and a two bedroom managers quarters.
There is a separate building of 4 motel units. The balance of the accommodation consists of 17 cabins with open decks set amongst tropical gardens with direct access to the two swimming pools.

Planning Consent:

The current owners purchased the hotel in June 2005. At the time of purchase there were 4 motel rooms available for accommodation and during 2007 to 2009, the 17 cabins were progressively built, taking the number of rooms to 21.

Business Operation

Expansion Potential:

Gold mining is synonymous with Horn Island both historically and currently with drilling recommencing with a view to again establish a viable mining operation. There is positive progress with the mine now completing further studies with the intention of establishing viability; and to again move into production in the coming years.
At the present time Wongai Hotel provides accommodation to personnel involved with the mine research and engineering

Competition / Market:

This is the only hotel on Horn Island with a takeaway license.

Trading hours:

Main Bar 10 am to 12 noon 7 days

Actual Hours of Operation 12 noon to 9 pm Sunday – Tuesday
12 noon to 12 pm Wednesday – Friday
11 am to 12 pm Saturday

Employees:
12
Years established:
25

Other Information

Support & training:

The owners are happy to negotiate a change-over period plus there are full time staff who will remain with the business.

Website:
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