Crocodile Dundee's home to go under the hammer

Crocodile Dundee's home to go under the hammer

20 October 2010 by Jessica Darnbrough 0 comments

Crocodile Dundee’s home is looking for a new owner.

The Northern Queensland “Walkabout Creek Hotel”, which was made famous in the 1986 blockbuster movie, has been attracting strong investor interest.

Built in 1900, the property’s sales agent, Raine& Horne’s Nathan Henderson, said the property represents a great buy for any “nostalgic movie buffs” and “serious investors”.

“We are asking $1.25 million for the freehold rights for the entire property, which is currently generating an annual income of $300,000,” Mr Henderson said.

“This is a yield of 24.4 per cent which is very competitive.”

Apart from the Walkabout Creek Hotel which has 14 single rooms, there is a caravan park providing 30 powered and unpowered sites, as well as two residential houses. There are also sizeable stables and neatly fenced paddocks for horses.

Trading figures and a detailed outline of the business are available to qualified buyers. The owners will consider selling the leasehold business at $400,000 for 20 years with an annual rental of $80,000.

 

 

 

 

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