Club Crocodile (Mantra Club Croc Airlie Beach) - SOLD

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Sold for 7,000,000 AUD Date of Sale: June 2016
Rooms: 161
Price Per Room: 43,478 AUD
Property Id : 30462

CBRE Hotels and PRD Nationwide have been appointed exclusively as agents in the sale of Club Crocodile Airlie Beach. Club Crocodile Airlie Beach is an iconic resort occupying a large 12,990 m2 freehold site, only two minutes drive from Airlie Beach CBD – the largest town on the Whitsunday Coast and a premier tourist destination. Airlie Beach is the gateway to the Whitsunday Islands and the UNESCO World Heritage Listed Great Barrier Reef, a wonder of the world.

The Whitsundays have the fastest growing regional airport in Australia, which is set to become the states sixth international airport in 2016. The region offers a strong events calendar and a significant wedding and MICE (meetings, incentives, conferencing, exhibitions) market. The resort is ideally positioned on the major arterial highway – Shute Harbour Road and has prominent exposure to passing traffic, thus capturing a strong passing trade from tourists year round. The 3.5 star resort features 161 guest rooms, with room sizes ranging from 21 to 29 square meters.

Resort facilities include a restaurant and bar, function facilities, a large lagoon style swimming pool and spa with waterfall, tennis court, guest laundry, tour desk and games room. The resort also has a substantial car park with 120 car parking bays. Guest rooms present well after recently completing a substantial refurbishment of rooms of approximately $1.3 million between 2014 and 2015, with 75 rooms presenting ‘as new’ including new bathrooms.

Wayne Bunz

National Director, Capital Markets

Hayley Manvell

Associate Director
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