17 Sep 2022
Words Lisa Allen The Australian

Resorts on the block

Mr Schwartze will sell the waterfront resorts which comprise around 50 bungalows and apartments separately. Coco Beach Resort is up for grabs at $2.7m, Ocean View Hotel Apartments are on the market for $3.55m and Tropicana Resort has an asking price of $3.7m.

Pre-Covid the Pacific island nation hosted 350,000 tourists annually, up from 82,000 back in 1995.

ResortBrokers director Alex Cook points out that for just $500,000 more than the average $2.2m price of a Byron Bay house, punters can pick up an entire waterfront resort in Vanuatu.

Mr Schwartze is downsizing after owning the properties for many years.