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SUCCESSFUL FREEHOLD RESTAURANT IN PORT DOUGLAS

29 Barrier Street, PORT DOUGLAS QLD, 4877

For Sale

Property for Sale in 29 Barrier Street, PORT DOUGLAS QLD, 4877

Listing ID:
11354030
Status:
Active
For:
Sale
Price:
$1,250,000 wiwo
Last Updated:
11/11/2019
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Property Type

Retail
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Land Area

801 SQM
Icon size

Floor Area

400 SQM
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Parking

6

SUCCESSFUL FREEHOLD RESTAURANT IN PORT DOUGLAS

The Beach Shack restaurant and bar is on the market for sale. For almost 15 years, the owners have operated this popular venue as a successful business, and it is now a great investment opportunity. Located at the southern end of Port Douglas' famous Four Mile Beach, The Beach Shack is a well-known venue for locals and tourists.

This standalone lot is zoned as commercial & residential with a total area of 801sqm. It is a corner block located right across the road from Four Mile Beach.

The premises consist of:

RESTAURANT & BAR (GROUND LEVEL) - is a successful, fully licensed restaurant, bar and take away pizzeria. Cleverly designed with a great flow of business between the three areas and a total seating capacity of 120. The Beach Shack offers guests relaxed casual dining or a quality space for private functions such as weddings, or relaxed corporate dinners. Consistently receiving high guest ratings on both Google and Trip Advisor. The Shack is also a long-standing local's favourite with a regular and loyal customer base.

The Beach Shack is a truly tropical Port Douglas dining experience with an awesome mix of funky ambience and laid-back Queensland style. An eclectic mix of sandy floor, quirky decor, pool table and a chilled-out bar area with comfy couches, "The Shack" offers a delicious restaurant menu or more relaxed pizza bar menu.
The venue has been in continuous operation for 15 years and achieving a gross turnover of approximately $1.5M year after year. The premises will be sold with full inventory and all the operational equipment.

RESIDENTIAL SPACE (TOP LEVEL) - is an existing residential apartment consisting of separate entrance, two bedrooms, one bathroom, kitchen and an open plan living area, plus large wrap around balcony. You can choose to either live upstairs and operate your restaurant business downstairs or convert upstairs to an office space.

This is a prime opportunity and well suited for either a family-run restaurant or investor to lease out earning dual income from the residential space and the restaurant.
An alternative option is to re-develop into multiple units (STCA).

OPTIONS: You may also choose to only purchase the business at the asking price of $250,000. This business for sale includes the ongoing operational and its goodwill of over 15 years, a consistent turn over of approximate $1.5M, all its equipment and licensing with an attractive lease and very minimum of outgoings costs.

If this is something you are looking for and would like to discuss the financial and operational details, please contact sales agent Cindy Lam 0432 827 565 or email Cindy.Lam@raywhite.com

For more details, please email agent

Ray White Port Douglas

1, 48 Macrossan Street, Port Douglas, QLD 4877


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