BANANA BARRACKS FARM WORKER AND BACKPACKER ACCOMMODATION YIELDING 15.7% OWNER OPERATED FOR 2022 - 2733BF

FREEHOLD $4,850,000

Strong and Consistent Earner, in the heart of Australia’s Banana Food Bowl.

Easily run owner operated complex catering for Banana Workers all year round.
Super high yield accommodation property, 15.7% if run owner operated and 14.5% if run under management.
Consistent long-term income stream, with 94% of all Australian Bananas grown within a 75 km radius region of this aptly named Banana Barracks.
Australian Banana Industry is worth $1.4B and employs a total of 18,000 employees needing accommodation each and every season. About 16,500 employees work within a 75 km radius of the property.
Further potential for income growth, by using this as a base for regional expansion.

Tourism Brokers is delighted to present for sale the Banana Barracks as Private Treaty.

This is an outstanding opportunity to secure a super high yield accommodation property licensed currently to accommodate 120 beds, with further potential for income growth.

Currently the property has opportunity to add 40 beds, through the removal of the Rafters Night Club, refurbishing the area and increasing the total beds to 160, and adding a further $300,000 in Gross Revenue to the business.

Investment highlights include:

Consistent income stream through long-term “workers accommodation”, Tully Banana season runs through January to December requiring workers from pickers, sorters and packers.
A total of 16,500 employees needing accommodation, of which 94% of these within a 75 km radius of Tully.
Accommodation Standards and close monitoring from Government oversee the Overseas Worker Programs and Seasonal workers licence provides significant barrier of entry for other competitors.
Substantial upside in income through laundry, vending machine income and mobile phone accessory sales.
Positioned to benefit from the ever-growing popularity of banana nutrition. Forecast Owner Operated Earnings $619,641 for 2023/24 or place a Manager in for $85,000 plus Accommodation.

Net Profit: $619,641 for 2022/24 (11 months)

Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2733BF (quote when enquiring)

Price	FREEHOLD $4,850,000
Location	Tully
Property ID	2733BF
Category	Backpacker/Hostel

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