Business · Companies · 1 hr ago

Surf Lakes puts dormant Yeppoon wave-pool site up for sale

Surf Lakes puts dormant Yeppoon wave-pool site up for sale

Surf Lakes is selling its dormant wave-pool site near Yeppoon in central Queensland, between Rockhampton and Yeppoon.

The facility opened in 2018 as a full-scale prototype for wave-generation technology, designed to create more than 2,000 waves an hour in five styles.

It was invitation-only and never opened to the public, and the site has since been decommissioned.

The sale includes council approvals for a tourism development, with plans for camping, cabins, restaurants, a scuba pool and other attractions.

Wave-pool projects in Australia have faced difficulty raising money, and a regional tourism group says the site's rural location may make it harder to market.

The company is inviting interest from potential buyers, including those considering other uses; the site is understood to be on the market for about $4 million.

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What people are saying

Lewis GlynnSurf Lakes Queensland managing director and Surf Lakes global chief operating officer
Yeppoon enabled Surf Lakes to test its technology at full scale and showcase it to investors, commercial partners and prospective licensees from around the world.
via ABC Australia
Mary CarrollCapricorn Enterprise chief executive officer
The real estate agents have a job to do and the market will decide whether that price tag is worthy.
via ABC Australia
Any shareholders that bought into Surf Lakes that want to see Yeppoon develop [it], that is completely off the table.
via ABC Australia