Lakeland QLD 4871

This is your great opportunity to purchase the freehold going concern of the historic and iconic Palmer River Roadhouse. The business has returned to pre-Covid trading levels and is well placed to take advantage of the expected surge in growth of the regional domestic tourism market. Featuring a strong diversified income mix from accommodation, fuel and food & beverage, the business has established a consistent trading pattern for many years. The owners have invested significantly in a capital sense to the property over the past 5 years, providing the new owner with the opportunity to move in and not having to spend any funds on improvements. This is a terrific opportunity to enter the freehold market in the growing far north Queensland market.

- Healthy net profit of $225k showing a +25% return
- New amenities block built-in 2016/2017
- New ULP (5,800 lt) & Diesel (12,000 lt) fuel tanks installed 2018
- New 58kva generator added 2020
- Strong diversified income consisting of accommodation, fuel and food & beverage
- Great highway location adjacent to the historic Palmer River
- 30 seat restaurant + massive, attractive outdoor dining area & beer garden
- Contains artifacts and museum focusing on the "gold rush" era
- Property inspections are by appointment only