Got a lazy $50 million? Kingfisher Bay Resort, Eurong Beach Resort and the tour and marine businesses are on the market.
Kingfisher Bay Resort Group consists of four distinct tourism operations – Kingfisher Bay Resort and Village, Eurong Beach Resort, Fraser Explorer Tours and Fraser Island Ferries. The businesses accommodated and transported over 150,000 people in 2016.
Exclusively appointed agents, Gus Moors and Neil Scanlan of Colliers International are marketing the offering via an International Expression of Interest campaign closing 23 March 2017.
“Considering the current appetite for tourism related offerings, the Group’s diverse revenue streams and available developments, this is one of the most exciting opportunities to be marketed in Australian tourism history.
“Fraser Island was World Heritage Listed by UNESCO in 1992. Less than 1 per cent of the island is freehold or leasehold land, so new development options are very limited,” said Scanlan.
Kingfisher Bay Resort covers an area of 64 hectares and includes 14.62ha of vacant residential development land with existing approvals for medium and low density development.
The 3 star Eurong Beach Resort which is situated over 3.54ha of prime beachfront land on the eastern side of the island has significant redevelopment potential.
Fraser Island Ferries operates three significant vessels which transport vehicles and passengers between River Heads on the mainland to either Wanggoolba Creek or Kingfisher Bay Resort on Fraser Island. Fraser Island Ferries is the only permitted Ferry operator on these routes.