- Located at Innot Hot Springs, two hours from Cairns
- Queensland saw almost $17 billion in tourism dollars across 2021
- The state remained attractive to tourists despite renewed Covid fears early in 2022
Queensland’s tourism sector is heating up following eased restrictions.
Tourism and Event Queensland’s data showed the sunshine state’s total visitors experienced an 18.4% uptick to 20,533,000 for the year ending December 2021, the amount spent in the state seeing an uptick of 28.8% to $16.98 billion.
A resurgence in Covid and new variants curtailed some of the renewed joy, however, that wasn’t the case in Queensland.
While most states saw dips in the number of visitors in January 2022 compared to January 2021 (Victoria -8%, South Australia -18%, Western Australia -9%, Tasmania -19%) Queensland had 6% more visitors in January 2022 than in January 2021.
It comes as no surprise assets that rely on those positive numbers are heating up – aptly so with one of the latest properties to be listed.
Innot Hot Springs Leisure & Camping Park is situated some two hours drive from Cairns in the Atherton Tablelands.
The freehold comprises 3.01 hectares of land across two separated lots.
The Hot Springs Hotel is situated on 1.01 hectares, including a public bar and restaurant, large beer garden, five self-contained rooms and a two-bedroom manager’s residence.
The remaining 2 hectares is home to the leisure and camping park which includes 23 unpowered camping/van sites, 14 powered camping/van sites, six hotel rooms, and four self-contained, air-conditioned units.
“The Park offers considerable operational upside for an astute incoming investor to capitalise on currently underutilised business opportunities. Only a small injection of capital expenditure would be required to completely reposition and rejuvenate the asset.”
CBRE Hotels National Director, Paul Fraser
Ray White’s Morgan Brennan noted the location amongst Cairns Hinterland was driving demand:
“There is an abundance of natural beauty and attractions surrounding the asset, all of which are driving demand to the area. The Park benefits significantly from this, considering the limited local competition for both quality accommodation offerings and hospitality services.
“Given the strong growth in the drive tourism market and the region’s significant natural beauty, coupled with the asset’s untapped operational upside in the asset, we expect this campaign to be greatly contested,” Mr Fraser said.
The property will be sold via an Expressions of Interest campaign closing 9th June 2022.