O’Reilly’s Rainforest Retreat Within WORLD HERITAGE listed Lamington National Park
e C a n i A Once
ty i n u t r o pp O t n e tm s e v n I IC N O C I ntury
Introduction This is a genuine “once in a lifetime” opportunity to own a WORLD FAMOUS and successful Eco-Tourism Resort in the World Heritage listed Lamington National Park. The opportunity is indeed very rare in that the property and business has been very tightly held in the original family’s hands for three generations now, since 1926. Natural beauty abounds, with lush rainforest, ancient trees, beautiful waterfalls, spectacular views, various outdoor activities, camping, a huge array of bird and animal life and extensive walking tracks (including the famous “Tree Top Walk”). O’Reilly’s has been a successful business for many decades now and due to its unique location, history and reputation the platform for sustainable future growth is very well established, particularly with some exciting new opportunities currently in the pipeline. O’Reilly’s remains an ever popular destination with around 300000 tourists visiting each year – both local and international visitors by the busloads. This opportunity clearly represents an excellent value proposition for the astute and nature loving investor.
Executive Summary
Property Details
Description:
O’Reilly’s Rainforest Retreat
This offer consists of the sale of three companies (or the assettherein), namely: - National Park Pty Ltd - Lamington Management Services Pty Ltd - Canungra Valley Vineyards Pty Ltd **
Address: Lamington National Park Road, Canungra, Queensland, Australia - Zoning: Rural - Current Use: Special Tourist Attraction - Size: over 700 acres - Title references: lot 17 WD 6487, lot 49 SP 170008, lot 4 RP83488, lot 7 SP 170007, lots 8 & 10 SP 287807
Inclusions: Over 700 acres of Freehold Land; Rainforest Retreat (66 rooms); Mountain Villas – Management Rights (48 units); Staff Accommodation (for 60 staff members); Restaurant; Café & Retail Gift Shop; Lost World Spa and Conference Centre; Vineyard with Cellar Door facility, Wine Club Membership, Local and Export wine sales business and Wedding/Event Venues plus various other income earning facilities/activities. Location: In the World Heritage Listed Lamington National Park, Gold Coast Hinterland, Queensland, Australia. Price: Expressions of interest over $32 million (Please note that Canungra Valley Vineyards Pty Ltd may be purchased separately for $3.3 million plus SAV.)
Canungra Valley Vineyards** Address: 852 Lamington National Park Road, Canungra, Queensland, Australia - Zoning: Rural Countryside - Current Use: Special Tourist Attraction - Size: over 12 acres - Title references: 18620158 Lot 1 RP854891, 50076209 Lot 5 RP 868688 ( ** Please note that National Park Pty Ltd only owns 87.5% of Canungra Valley Vineyards Pty Ltd – the remaining 12.5% is owned by other individual family members)
Location Mapping O’Reilly’s Rainforest Retreat and the Mountain Villas are located in Lamington National Park which is situated in the Gold Coast Hinterland, Queensland, Australia. The approximate distance to world famous beaches on the Gold Coast such as Surfers Paradise is under 75 km and usually takes about 1.5 hours by road. Distance to Brisbane is around 107 km. Canungra Valley Vineyards is located at the foothills of Lamington National Park and is around 33 km to Surfers Paradise, 83 km to Brisbane and 8 km to the town of Canungra. (The usual time taken by road to the O’ Reillys Rainforest Retreat up the mountain is around 45 minutes.)
Financial Information
Brief Business Descriptions
Using the latest available financial statements (for all 3 companies mentioned above) for the 6 month period to 31 December 2016:
National Park Pty Ltd is the O’ Reilly family holding company which fully owns
EBITDA $1,356,890 NET PROFIT: $778,567 (Note: These figures are after director emoluments of around $150,000 which were paid to the owner for the said 6 month period). Current investment opportunities include: - the development of permanent tents (“Glamping”) in adjacent government owned camping ground (at advanced stage of application) - Potential acquisition and development of nearby land at “Luke’s Farm” The business has been very profitable for a long time over many decades now with the exception being for a few years during the great recession or “global financial crisis” that commenced in 2008. The business is now back to making sustainable profits.
over 700 acres of Freehold Land, the Rainforest Retreat, the Restaurant, Café, Gift Shop, Lost World Spa and Conference Centre. O’Reilly’s Rainforest Retreat is a multi-faceted eco-resort comprising 66 rooms. The Retreat is situated on a freehold site of approximately 311 acres with a second parcel of 418 acres located close by. Both land holdings are surrounded by the World Heritage listed Lamington National Park. The business essentially provides accommodation, food and beverage, and a wide and diverse range of activities for guests.
Lamington Management Services Pty Ltd The business includes the Management Rights of the recently completed Mt Villas complex which comprises 42 x 2 bedroom and 6 x 3 bedroom Villas of a 4.5 star rating that currently achieve an average rate of just over $400 per night. Within the Villas development, the O’Reilly holding company owns the Lost World Spa and Conference centre which is on a separate lot.
Canungra Valley Vineyards Pty Ltd which owns
vineyards on over twelve acres of Freehold Land, a historic “Queenslander” homestead, Cellar Door facility, Restaurant, and Wedding/Event Venue business. The company has wine sales both locally and internationally into China. Situated at the foothills of Lamington National Park and alongside the beautiful Canungra Creek, this vineyard is approximately 8 kilometres from the township of Canungra on the road to O’Reilly’s Rainforest Retreat. The cellar door, restaurant, wine and function business sits on two Lots that when combined total just over 12 acres. The main facility was a homestead (circa 1880s) that has been transported from the regional city of Warwick.
Other Facilities Cafe & Gift Shop
Conference Centre, Lost World Spa & Other
The Mountain cafĂŠ, gift shop and minimart is a separate standalone facility that services all guests to the Retreat. The gift shop, which was previously acknowledged with a Queensland Tourism award for retail excellence, specifically caters to visitors wanting a memory, a souvenir or something warm to wear on a cool day.
Supporting facilities include a stunning 120 seater Conference Centre, luxury spa, staff accommodation on the mountain consisting of 21 self-contained units plus another 24 rooms which altogether house approximately 60 staff. Other facilities include hikes, flying fox, corporate team building challenges, 4wds and the world’s first rainforest tree top walk. Also a new membrane sewage plant was commissioned in conjunction with the Villas development at a cost of one million dollars. This plant is owned by National Park Pty Ltd.
O’Reilly’s Rainforest Retreat 3582, Lamington National Park Road Canungra QLD 4275
Contact: Theo Shapiro 0407 199 922 theo.shapiro@qldsircom queenslandsothebysrealty.com