Don Pancho Beach Resort in Bargara, QLD listed for sale

Don Pancho Beach Resort in Bargara, QLD listed for sale
Staff reporterDecember 7, 2020

A Don Pancho Beach resort, located at the gateway to the Southern Great Barrier Reef on the Coral Coast of Queensland, is for sale.

Situated in Bargara, a seaside town 14 km east of Bundaberg, the multi-level Mediterranean styled resort complex is rated 3.5 stars.

Set on 3,940 sqm the freehold beachfront site has a frontage to Kellys Beach, and is positioned opposite the Bargara Golf Club.

Comprising 44 self-contained units (including a 2-bedroom manager’s residence), the resort complex also features a restaurant, conference room, undercover car parking, swimming pool, BBQ area, and halfcourt tennis court.

CBRE Hotels who hold the listing stated there is "significant value-add opportunity for owner operators and developers alike," as well as a "genuine scarcity of quality beachfront redevelopment sites in the area.".

The listing notes there is potential to renovate and reposition the existing product or redevelop the large footprint and establish a new plan with modern beachfront villas or strata title apartments and sell down subject to council approval.

 

Editor's Picks

Kangaroo Point's iconic Shafston House gets closer to apartment redevelopment
Inside Australia 108: The groundbreaking Melbourne apartment tower offering the highest apartments in the southern hemisphere
Discover Avery: A Boutique Sanctuary in the Heart of Glen Iris [Video]
"A once-in-a-lifetime opportunity": Don O'Rorke discusses the Monarch Residences Penthouse Collection
Why apartments at Killarney Ponds in Box Hill are suiting the family buyer: Urban Buyer Q&A