A high-end boutique resort in the Blue Mountains, The Sangoma Retreat, is about to hit the market for the first time and is tipped to fetch $6 million.
The property is perched on large boulders in beautiful Bowen Mountain. The Glen Murcutt inspired architecture and design takes its cues from Africa and the Australian bush and the resort feels like a world away from the city.
Designed and built to exceptionally high standards, as well as meeting ecological criteria, the property has been fully certified by ECO Tourism Australia. It spans ten acres of spectacular bushland and is 70 minutes from Sydney CBD
Sangoma has won Tripadvisor’s highly rated ‘Traveller’s Choice’ awards for three years in a row and is part of the exclusive stable of Mr and Mrs Smith properties in Australia
The property includes five stand-alone suites, with potential for further development, a large open main house with communal dining and a stunning infinity pool with views towards Sydney.
Paul Kapiris from CBRE Hotels is selling the property on behalf of the current owner occupiers.
“Currently operating similar to a luxury B&B, the property will appeal to experienced operators with a greater focus on driving profit. The property has enjoyed 100% occupancy on weekends since its inception, with bookings usually required some 3-4 months in advance. Prices per night vary between $500 - $1100,” Mr Kapiris said.
“The owners also opened the property to guests midweek six months ago and are currently running at approximately 40% occupancy. Furthermore, a greater focus on marketing and links with national or international distribution chains could result in increased financial performance.”
“The high end boutique hotel market is dominated by high net worth investors. Recent sales include Graham and Jude Turner Spicer’s Group, who recently bought the Victoria Court Hotel in Victoria Street and the terrace next door. Michael Hope bought Tower Estate through CBRE Hotels to convert to his own private residence, while further afield Bob Oatley owns Qualia on Hamilton Island.”
