Computershare co-founder sells FNQ pub
Computershare co-founder Chris Morris has sold the Julatten Hotel, west of Port Douglas, after four years and a renovation.
“This was never about achieving the highest price,” the businessman said as executive chairman of Morris Group.
The asset is believed to have sold for $1 million.
It cost $1.2m in late 2022.
The venue was also rebranded, from the Highlander Tavern.
“It was about ensuring the hotel remains open and continues to serve the community, which I know is incredibly important to the local residents,” Mr Morris added.
“I am pleased that the purchasers are locals and I look forward to enjoying a pleasant Sunday afternoon there soon,” according to the executive (continues below).
Julatten Hotel
On two hectares facing the Rex Highway, known as 12 Mount Lewis Road, Julatten, the hotel includes indoor and outdoor bars and dining spaces and two self-contained Balinese inspired cabins.
The c$500,000 revamp provides the incoming owner, speculated to be two investors, with a turnkey opportunity with further upside in particular with accommodation (an application could be made for more cabins).
CBRE’s Danny Betros and Taylor Morris were the agents.
Julatten is 25 kilometres from both Port Douglas and Mossman on the road to the Atherton Tablelands.
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