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Press Release

Waterfront Resort First to Market

The private owner of popular Raffertys Resort, Lake Macquarie NSW, is one of the first vendors to take advantage of the current demand for regional Accommodation Assets across NSW and Australia.

Raffertys, located within a 90-minute drive of Sydney and within a 30-minute drive of NSW’s second largest city Newcastle, is available for sale to owner operators and investors looking to capitalize on domestic market demand.

The freehold component of the property includes 15,303sqm* of waterfront land, comprising a Resort style waterfront pool and restaurant, reception, 5 conference rooms, 1 bar and bistro and café.  In addition, the land enjoys approvals for the further development of apartments or Hotel rooms.

The Vendor manages 73 Villas, however previous experienced operators have enjoyed a pool of 110 villas at their disposal. Accor Hotels were once operating the Resort under the Mercure brand.

“The timing for this campaign is in line with the constant demand for Regional assets, with only a handful of opportunities available to current owners and investors” advised HTL Property Director, Nic Simarro.  “During an Investment road show of the East coast of NSW last week, the recurring theme was that these Regional towns are exploding with; trade and there is a major focus for Regional owners to expand their current portfolios” added Simarro.

“Given the current owners minimal experience in the Accommodation industry, there exists multiple income streams that can be increased by an experienced operator; some of these include expanding the current Wedding and Corporate function trade, as well as building on the accommodation management pool. Not to mention the food and beverage offering” Simarro concluded.

“Domestic market room nights, particularly in regional and sub-metro locations, have enjoyed a visitation surge (+46%) to a level we now advocate will be habit forming in terms of short term stay decision making post relaxation of national borders” advised HTL Property Asia Pacific Director, Andrew Jolliffe.

“This augmentation of both revenue and ‘heads on beds’ in secondary markets augurs well for assets enjoying scale and sub 2hr travel distance from major population concentrations” Jolliffe concluded.

Raffertys Resort is for sale by an Expression of Interest campaign closing December 2, 2020.

 

End.

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