50 Butler Street, Tully, QLD 4854 | Commercial for sale | OnTheHouse
 
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50 Butler Street
Tully QLD 4854

Bedrooms: -
Bathrooms: -
Car spaces: 13
Floor area: 2866m2
Land area: 2866m2
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Investment Opportunity - Freehold Accommodation & Bar

An exceptional opportunity presents to secure a prominent freehold accommodation and hospitality asset in the heart of Tully, one of North Queensland's most recognised tourism and agricultural hubs.
Positioned on a substantial 2,866m² fully fenced CBD allotment with dual street access, CCTV security, Banana Barracks & Rafters Party Bar is a well-established backpacker accommodation and licensed bar operation available on a 'Walk In Walk Out' basis, inclusive of both the freehold property and the operational business. This rare offering delivers diversified income streams across short term accommodation, hospitality operations and commercial lease arrangements.
Approved to accommodate up to 120 guests, the complex features purpose built improvements designed to service the strong working backpacker and tourism market that frequents the region. Guests enjoy a range of accommodation options complemented by extensive communal and recreational facilities, including bar areas, pool and entertainment spaces. An on site commercial kitchen, currently not in operation, provides further upside potential for additional income via owner operation or lease.
Key Features:
• Substantial 2,866m² CBD freehold site
• Freehold title with established backpacker accommodation
• Leased premises for bar nightclub restaurant operation
• Purpose built accommodation, bar facilities, pool and recreational amenities
• Significant insured asset base
• Multiple revenue streams including short term accommodation, hospitality income and commercial lease
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Property Details for 50 Butler St, Tully

Building Type
Commercial
Floor Size
2866m2
Land Size
2866m2
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About Tully 4854

The size of Tully is approximately 16.7 square kilometres. There are 9 parks, covering nearly 4.7% of the total area. The population of Tully in 2016 was 2390 people. By 2021 the population was 2368 showing a population decline of 0.9% in the area during that time. The predominant age group in Tully is 20-29 years. Households in Tully are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Tully work in a labourer occupation.In 2021, 55.40% of the homes in Tully were owner-occupied compared with 56.20% in 2016.

Tully has 1,386 properties. Over the last 5 years, Houses in Tully have seen a 105.40% increase in median value, while Units have seen a 159.93% increase. As at 30 June 2026:

  • The median value for Houses in Tully is $416,952 while the median value for Units is $361,966.
  • Houses have a median rent of $475 while Units have a median rent of $300.
There are currently 43 properties listed for sale, and 4 properties listed for rent in Tully on OnTheHouse. According to Cotality's data, 66 properties were sold in the past 12 months in Tully.

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Ben Keene
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David Murphy
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