50 Butler Street

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About this property

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 • Strong historic working backpacker and tourism catchment • Fully fenced allotment with CCTV security • Central township location within walking distance to amenities and transport • Freehold and businesses available for purchase on a 'Walk In Walk Out' basis Ideally located at 50 Butler Street, Tully's main street, the property is within easy walking distance to the town's bus terminal, IGA, post office, chemist, banks and retail outlets. The site also benefits from additional frontage to Richardson Street, enhancing accessibility and exposure within the township. This is a rare opportunity to acquire an established freehold accommodation and entertainment venue in a tightly held Far North Queensland market, offering immediate income with future growth potential. Contact Ben Keene or David Murphy today for further information! Property offered to sale via tender - Tender closing Wednesday, 1st April 2026 @ 10:00 AM. Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.

Property Features

Location & Nearby

Approximate location shown. Contact agent for exact address.