Investors drawn to magnetic tourist destination

A Backpackers retreat with uninterrupted ocean views on Magnetic Island is set to attract investors, as it is offered to market with tenant Base Backers of Tourism Adventure Group.

Base Backpackers, located at 1 Nelly Bay Road on Magnetic Island, is being offered for sale via an Expressions of Interest campaign run by marketing agents Christian Tsalikis and Leon Alaban of Savills.

Senior Executive of Savills Hotels, Christian Tsalikis, said the offering will stand as a secure investment, underpinned by the lease to Base Backpackers.

“Tourism Adventure Group owns and operates 28 backpackers across Australia and New Zealand through their three brands – BASE, NOMADS, and UNITED,” Mr Tsalikis said.

Base Backpackers is superbly located on an approximate 1.068 hectare site, developed with the main building occupying a total area of 1,244sq m.

The property comprises a total of 186 beds, 11 campsites, plus food and beverage facilities for visitors to utilise.

Director of Savills Hotels, Leon Alaban, said the unparalleled location attracts both international and domestic tourists who want to experience the best of what Queensland has to offer.

“The offering provides investors with the ideal beachfront asset, a solid covenant with a lease to Base Backpackers, who operate a business that procures an excellent trading history”, Mr Alaban said.

Expressions of Interest to purchase Base Backpackers, Magnetic Island, close at 4pm on Wednesday 5 December 2018.