MULTI-MILLION DOLLAR DEAL FOR PEPPERS AT WILLOW VALE

Written on the 9 April 2014

MULTI-MILLION DOLLAR DEAL FOR PEPPERS AT WILLOW VALE PEPPERS Ruffles Lodge and Spa at Willow Vale has been sold for $4.5 million in an off market deal.

A private investor from China purchased the Gold Coast hinterland property, including freehold title, the business and all facilities.

Colliers International on the Gold Coast director in charge Stewart Gilchrist says the profile and quality of the business will remain the same.

“The new owner saw the Peppers Ruffles Lodge and Spa as an income producing property and with over 26 hectares of hinterland it has the potential for resort development in the future.

“There will be no changes to the operations or the management of the resort.”

Located in Upper Coomera at 423 Ruffles Road, the property features 10 villas, two storey owners residence and two spa suites.

“The previous owners, Jan and John Nicholls from the Gold Coast bought the land 14 years ago and have fastidiously developed and operated the resort since its inception.

“They are now looking to move interstate to be closer to family and grandchildren,” Gilchrist says.

The owners say since rebranding from Ruffles to Peppers in 2010, occupancy increased about 20 per cent.

Latest News

1700 BRISBANE APARTMENTS NOW MANAGED BY FORTUNE 500 COMPANY JLL

MULTINATIONAL and Fortune 500 company JLL (NYSE: JLL) has expanded its Australian dominance in the property managemen...

HARVEY NORMAN HITS OUT AT 'FALSE NEWS' OF ASIC INVESTIGATION

RETAIL giant Harvey Norman (ASX: HVN) has vehemently rejected reports its accounts are under investigation by ASIC, s...

RARE GOOD NEWS FOR SLATER AND GORDON AS ASIC CLOSES INVESTIGATION

ASIC has cleared Slater and Gordon of deliberately falsifying its accounts after a three-month investigation.

It s...

Q & A WITH FACEBOOK GURU ANDY MCKEON AS HE JOINS AUSTRALIAN SOFTWARE COMPANY LIVETILES

HE was creative director at Apple under the legendary Steve Jobs, and is now a senior Facebook executive. In his n...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter