Award winning Blue Mountains retreat listed for sale

​Sydney, 29 August 2014 - A stunning high-end boutique resort in the Blue Mountains is preparing to hit the market for the first time.

The Sangoma Retreat is a unique property 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 only 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, with a price circa $6 million.

Mr Kapiris said the Sangoma Retreat is a manifestation of the life and work of its creators, Michael Podles and Zenga Butler. With diverse backgrounds in design, fine dining, classical music and fine art, the pair has worked with some of Australia’s finest hotels to create stylish and welcoming interiors of the highest standard.

“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.”

He went to add that luxury boutique hotels receive demand from multiple investor groups, including; hotel investors, high net worth groups, residential/holiday purchasers, and foreign investors.

“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.”

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.