JLL Hotels & Hospitality Group is exclusively appointed to offer for sale Castaways Resort & Spa, Mission Beach (the “Property” or “Resort”). The Resort offers 200 metres of irreplaceable, absolute beachfront land on the pristine Mission Beach, being the only truly beachfront resort between Cairns and Noosa. The location provides exquisite views over the Coral Sea, Great Barrier Reef beyond, surrounding islands and the UNESCO World Heritage wet tropics.
Offered with vacant possession of brand and management, the Resort provides a wide range of accommodation. Well known for its Buko Restaurant & Cocktail Bar, as well as it’s 25 metre beachfront swimming pool, the Property also includes a private beachside villa and a standalone conference & event space, as well as a day spa.
The Property provides a unique range of future expansion and development opportunities, offering an incoming owner the opportunity to expand and enhance the current Resort, or utilise the existing approval to build a new five-storey, 220-key luxury resort.
The Australian tourism industry has remained resilient in the face of COVID-19 and the Resort is already benefitting from changing travel and demographic trends which are set to become the norm beyond the pandemic. Regional destinations have seen growing populations as individuals seek greater space, remote work becomes more normal and domestic vacations again become in vogue.
The Great Barrier Reef area itself has seen notable investment, with several resorts going through major renovations, again putting the destination firmly on the map. This coupled with the investments into infrastructure across Queensland will see the area thrive once again for the decades to come. Detailed information on the Resort, including financial, legal and property information, is available for review upon the execution of a confidentiality agreement.