Freehold Island Resort, Established Revenue $2.5M, Expressions of Interest

Description

Paradise Hotel & Resort presents a rare opportunity to acquire a substantial freehold resort asset on Norfolk Island, combining established trading performance with underlying land security and long-term optionality. Set across approximately 2.36 hectares and held over three separate titles, the property is improved with a well-established resort complex comprising approximately 50 guest rooms, restaurant and bar facilities, conference capability, swimming pool, landscaped grounds and staff accommodation. The configuration of the land provides flexibility and potential future development or partial divestment opportunities, a feature not commonly available in tightly held island markets. Financial profile Revenue around $2.4 million to $2.5 million per annum. Gross profit margins remain strong for a regional resort asset. Income is diversified across accommodation, food and beverage, conferencing, tours and car hire. The freehold is included in the sale, removing lease risk and providing long-term asset control. Independent local advice places the underlying land and improvements value at approximately $3.7 million, providing a solid asset-backed position. Asset highlights Approx. 50-key resort operation. Established trading history over many years. Three separate land titles. Well-maintained improvements with limited immediate capital expenditure anticipated. Scale rarely available in the Norfolk Island market. Investment This is not a lifestyle breakeven operation. It is a genuine freehold going concern suited to experienced hospitality operators, high net worth individuals seeking income supported by real property, boutique resort groups or investors looking to diversify into tourism-backed real estate with scale. The property and business are offered for sale together as one combined opportunity. Expressions of Interest invited. Pricing expectations circa $4.75 million. Further information will be provided upon execution of a Confidentiality Agreement