Gulf of Carpentaria accommodation asset hits the market

Savills Hotels are pleased to offer for sale the Gone Fishinโ€™ Holiday Units, positioned on the Gulf of Carpentaria.

Located at 1-3 Ward, Karumba, the asset comprises of 11 well-appointed, air-conditioned & self- contained units positioned on a 1,201sq m* corner site, directly opposite the renowned Sunset Tavern and Ashโ€™s Cafรฉ.

The asset is for sale through Jason Oโ€™Meara, Leon Alaban, and Taylor Morris, who are of the view that the region provides an excellent investment opportunity for those seeking a lifestyle change or an investment opportunity.

Karumba, affectionately known as the outback by the sea, is located on the banks of the Norman River, approximately 2,154 km north-west of Brisbane, 69 km north from Normanton and 452 km north of Cloncurry.

Karumba is considered the portal to the Gulfโ€™s million-dollar fishing industry, forming part of the Carpentaria Shire. Much of the Shireโ€™s commercial activity comes through Karumba, which has an active port based around the export of zinc, lead and live cattle. Karumba acts as a transhipment port for Mornington Island, other Gulf communities and the Port of Weipa for the majority of the year, with semi-trailers transporting goods north to the town for transhipment.

In recent years the town has developed in two sections, with the port / main town centre and the tourist centre, where the Gone Fishinโ€™ Holiday Units are located.

Leon Alaban, National Director โ€“ Hotels QLD Savills Australia said, โ€œKarumba has the only bitumen-sealed access in Queensland to The Gulf of Carpentaria, making it a magnet for anglers, tourists, birdwatchers & adventure-seekers.โ€

The asset offers various accommodation configurations catering for a range of party sizes and guest facilities comprise of laundry facilities, a fish cleaning area, and ample parking for cars, boats and trailers.

Taylor Morris, Sales Executive โ€“ Hotels QLD Savills Australia said, โ€œApproximately 100,000 tourists and semi-permanent residents visit Karumba during the winter months from April to October each year. The successful purchaser has the opportunity to increase the assetโ€™s revenue with a room- rate review.โ€

Jason Oโ€™Meara, Director โ€“ Hotels QLD Savills Australia said, โ€œCurrently operated under management, an owner has the opportunity to capitalise on the 9-month tourist season and take the summer months offโ€.

The Freehold Going Concern of Gone Fishinโ€™ Holiday Units are offered for sale through Savills Australia via an Expressions of Interest process closing on Thursday the 18th of May 2023 at 4:00pm.

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