Beechmont Estate: Shock sale of wealthy tourist getaway in the Gold Coast Hinterland
One of the Gold Coast hinterland’s most luxurious estates — a playground for well-heeled holiday-makers — is on the market. FIND OUT MORE
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One of the Gold Coast hinterland’s most luxurious estates — a playground for wealthy holiday-makers — is on the market.
CBRE Hotels has been tapped by Morris Escapes to sell the 30.64ha Beechmont Estate only three years after its grand reopening.
The site, formerly known as the Hazelwood Estate, is home to the award-winning Paddock Restaurant and is being sold by Morris as it moves to invest in the luxury market.
CBRE’s Wayne Bunz, who is selling the site with colleague Hayley Manvell, said it was the second of Chris Morris’ projects to be listed following the Daintree Ecolodge in Cairns.
“Morris Escapes, under the stewardship of Chris Morris, is divesting Beechmont Estate as part of a tactical realignment, with a view to reinvest the capital into luxury assets of a greater scale,” he said.
“Beechmont Estate provides a turnkey opportunity, with little to no immediate capital investment required given its relatively recent grand opening in September 2021.
“It offers operational upside, holding income and a wealth of alternate uses, all at a price below that of a luxury home.”
The estate has 29 rooms, including 17 cabins, three luxury pavilions, a three-bedroom guesthouse, two-bedroom cottage, staff accommodation and a four-bedroom owner’s residence.
The site is able to be expanded, with the Scenic Rim Council having already given approval to four more luxury pavilions and the possibility for a further three to be built, subject to approval.
Ms Manvell said the site would be attractive to buyers given the increasing focus on the hinterland and nature-based tourism.
“This growing appeal is bolstered by Queensland’s thriving drive tourism sector, the expansion of Gold Coast Airport, and the high inflationary environment encouraging local getaways, positioning the estate for sustained growth,” she said.
CBRE’s expression of interest campaign closes on November 14.