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Press Release

Ultra Rare South East Queensland Waterfront Hotel For Sale

HTL Property is pleased to announce to the market the exclusive opportunity to acquire the Freehold Going Concern Interest in Harrigan’s, Calypso Bay.

On offer by Roche Group, the private developers of the entire Calypso Bay master planned community, this marks the first time this exceptional property has been offered to the market since construction.

Harrigan’s Calypso Bay is an extremely rare coastal Freehold Going Concern Hotel in South East Queensland, featuring an absolute, and never to be built out, waterfront location. This purpose-built, large-format hospitality asset boasts multiple bars, a modern bistro, outdoor dining and function spaces, a gaming room with 11 very valuable South East Queensland gaming machine authorities; and three detached bottle shop licenses.

“Strategically located, it is the only hotel servicing the burgeoning $2 billion Calypso Bay community, home to approximately 5,500 residents upon completion. The property is situated within the Ormeau to Oxenford growth corridor, the fastest-growing Statistical Area Level 3 (SA3) in Queensland; and projected to increase by 100,000 people over the next 15 years, according to the Queensland Government,” offered selling agent Xavier Plunkett.

“Currently managed internally by the interstate owners, Harrigan’s Calypso Bay presents significant operational upside for a more localised or hands-on management approach,” added HTL Property Director Glenn Price.

The expansive 5,165* square metre allotment features a 55-metre water frontage directly onto the sparkling Calypso Bay Marina, which provides access to The Broadwater and Moreton Bay, and enjoys 5-star boating facilities.

“Roche Group are renowned for their world class developments and sustainable community precincts. Their name is synonymous with quality projects, and the level of finishes at Harrigan’s bears testimony to this” advised HTL Director Brent McCarthy.

Conveniently located just 50* minutes from both Brisbane Airport and Coolangatta Airport, and only 20 minutes from the Gold Coast, Harrigan’s Calypso Bay is situated in close proximity to some of Australia’s most popular beachside and tourism destinations.

Potential buyers have the opportunity to capitalize upon the historically high economic growth forecast for South East Queensland, driven by strong net interstate migration, population growth, mining-related GDP growth, increased tourism, and significant infrastructure spending in the lead-up to the 2032 Olympics.

The Freehold Going Concern Interest in Harrigan’s Calypso Bay is being offered via an Expression of Interest campaign, closing Thursday, June 27, 2024, at 4 pm.


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