THREE Stradbroke Island businesses, catering for tourists, have been put on the market in the past month.
Stradbroke Island Beach Hotel at Cylinders, the Manta Lodge Youth Hotel at Point Lookout and The Island Fruit Barn and Cafe at Dunwich are all expected to sell for seven-figure sums.
It is the first time in 30 years the Stradbroke Island Beach Hotel is on offer.
The popular Point Lookout hotel, the only one of the island, opened in 1962 and was rebuilt and modernised in 2006.
The 3267sqm hotel, overlooking the Coral Sea, has a bistro, beer garden, gaming room, wedding and conference facilities with seating for 130 and a detached on-site bottle shop.
It also has a 13-room hotel and a manager’s residence as well as the 21-unit Waves Stradbroke Luxury Serviced Apartments.
Real estate agent Grant Bailey of Ray White Hotels Australia said the state government approval of Cleveland's Toondah Harbour, the departure point for ferries to Straddie, would be a fillip for island tourism.
It will be marketed by expressions of interest as will Manta Lodge Scuba Centre, also at Point Lookout.
The scuba centre and backpacker accommodation, which is on the beachfront, has been operating since 1992 and will be sold as a freehold going concern.
In the 2014-15 financial year, the business generated revenue of almost $640,000.
Manta Lodge runs the island’s only five-Star PADI dive centre, offering daily scuba and snorkel trips via custom-built inflatable dive boats.
The popular and eclectic Island Fruit Barn, run by Sonia Bryant in Dunwich, was also advertised last month.
Last month, Stradbroke Island Ferries marine holdings were sold to South Australian tourism giant Sealink.
Its sale comes as the island awaits a deadline for the end of sand mining.
In June, Environment Minister Steven Miles vowed to introduce legislation which would ultimately end all mining leases on the island by 2019.
It would mean Sibelco would not have the option to extend its Enterprise Mine mining lease, which expires on December 31, 2019.
Under current legislation, the miner has the option of extending its lease to 2035, on expiry.
The four-year deadline to 2019 was part of an ALP election commitment made in a letter from retiring Deputy Leader of the Opposition Tim Mulherin to Quandamooka Yoolooburrabee Aboriginal Corporation chief executive Cameron Costello, days before the January election.
Labor promised voters it would repeal LNP government amendments to the North Stradbroke Island Protection and Sustainability Act made in 2013.
