Offers flood in for Australia’s premier ‘glamping’ resort
A prime parcel of land on the NSW Tweed Coast, currently home to Australia’s premier outdoor resort, is attracting a frenzy of interest from potential buyers worldwide.
Enquiries have been coming in hot since the site encompassing The Hideaway at Cabarita Beach, named Australia’s best glamping site, hit the market on Saturday.
“We’ve had more than 50 enquiries in the past 48 hours,” says agent Nick Witheriff of LJ Hooker Kingscliff, who is marketing the site in an expressions of interest campaign.
“We’re getting a huge amount of interest, both interstate and internationally. I’ve had calls from the UK, New Zealand, as well as from Sydney, Melbourne, Brisbane and locally.
“It’s a hugely popular site that’s only changed hands once in 40 years.”
The Hideaway site at 2-6 Tweed Coast Road, Cabarita Beach is for sale.
The Hideaway at Cabarita Beach is regarded as Australia’s best glamping site.
Formerly home to the Cabarita Beach Caravan Park, the 2.803ha site was purchased by a syndicate of investors in 2018 before reopening as an outdoor hotel at the start of last year.
Located between the Gold Coast and Byron Bay, the idyllic seaside resort has received rave reviews worldwide for its spacious bell tents with all the modern trimmings and luxe bohemian decor.
The existing infrastructure and amenities are included in the sale, with the resort able to resume trading once COVID-19 restrictions are lifted.
But it’s the land, rather than the glamping experience, that buyers are lining up for.
Inside a glamping tent at The Hideaway.
The site, at 2-6 Tweed Coast Road, is the only development land left to the eastern side of Tweed Coast Road and is R3-zoned for a potential unit/townhouse development or land subdivision.
Cashed-up private investors are also eyeing off the parcel with a view to land-banking it for capital growth or future development.
Witheriff says buyers have been knocking on the door well before the land hit the market, with two offers of around $6 million already on the table.
“People are queuing up to develop that site because we’ve got so much demand down here for off-the-plan apartments and townhouses,” Witheriff says.
That demand is being driven by limited stock in Cabarita Beach as well as new infrastructure in the region, including the Tweed Valley Hospital which will see an influx of medical professionals once construction is complete.
There is a shortage of land stock along the Tweed Coast.
“To be in Cabarita Beach is quite exclusive because there really are only a couple of streets on the eastern side of Tweed Coast Road,” Witheriff says.
“We currently don’t have enough dwellings to accommodate the influx of doctors and specialists who will need to live within a two kilometre radius of that hospital.”
Witheriff says there are six blocks of undeveloped land left on the beachfront between Cabarita and Kingscliff, five of which have development approvals in place.
The only remaining beachfront block, a 1.024ha parcel at 99 Cylinders Drive, Kingscliff, is on the market with an asking price of $1.595 million.
This article from The Gold Coast Bulletin originally appeared as “Global interest in seaside glamping resort site”.
