Tourism commercial property

Moving to the country is one thing, but rolling in a career change at the same time can be overwhelming and requires preparation. Here are some ideas for generating an income from a country estate that do not require a lifetime of learning.

One of NSW’s largest hospitality groups has bought Whitsunday’s Long Island for close to $20 million. Oscars Hotel Group, owned and operated by brothers Bill and Mario Gravanis, has plans to significantly redevelop the resort which has been closed for five years. This is the group’s first Queensland investment.

It started as a blacksmith shop in the late 1850s but today this historic site is home to several businesses popular among locals and tourists – and it’s on the market.

While residential housing was a key focus of the budget, less was explicitly mentioned about commercial property. However, as the places where Australians do business, many of the announcements in the 2021-22 budget will impact the commercial property sector, both directly and indirectly.

From water parks, go-karts and laser tag, to bowling, game arcades and trampoline parks, leisure facilities in the right location can pay dividends for owners with vision.

An “insane” world-first, wave-generating surf pool near the Queensland town of Yeppoon – built in 2018 as a prototype by an Aussie start-up – could be open to the public by late 2022 if a $187 million development plan gets the nod.

Queensland-based villages and parks owner Lifestyle Villages has bought the BIG4 Stuart Range Outback Resort for an undisclosed price in a bid to create a “desert oasis” for tourists.

Olivia Newton-John is selling her wellness retreat in Byron Bay, saying the time has come to “pass the baton” to new owners.

It was once one of the state’s most popular tourism destinations. Now the former Murray Bridge amusement park, which has been left to deteriorate for 14 years, will be cleared.