UK-based visitor attraction operator Merlin Entertainments is selling two of its Australian assets – Otway Fly in Victoria and Illawarra Fly in New South Wales.
Via a press release, the decision to sell these assets is part of Merlin’s global strategy to focus on developing clusters of attractions in key cities.
In line with this strategy, Otway Fly and Illawarra Fly are now available for acquisition as freehold properties with vacant possession or as a going concern.
The sites, which welcome more than 100,000 visitors annually between them, can be purchased either individually or as a combined acquisition.
Ian Wood, divisional director for Merlin Entertainments in Australia and New Zealand, said: “While listing the sites of Illawarra Fly in NSW and the Otway Fly in Victoria was a difficult decision, it aligns with Merlin’s global strategy of focusing on the growth of the city clusters. Within Australia this includes Sydney and Melbourne.”
He added: “Both attractions will continue to operate as business as usual until the completion of the sale, or the direction of the new owner is confirmed.
“We are extremely proud of the positive impact these sites have had on thousands of local and international guests over the years. We want to thank our dedicated teams who have created magical memories for over 21 years at Otway Fly and 16 years at Illawarra Fly.”
Otway Fly and Illawarra Fly offer treetop walk and zip line experiences. Both attractions are equipped with visitor facilities, including cafés, car parks and retail outlets.
Sale through EOI campaign
The sale is being managed by Lachlan Castran and John Castran. “These assets are well-positioned to continue as successful tourism operations, but they also offer extraordinary potential for private buyers or educational organisations,” said Lachlan.
John added: “The versatility and prime locations of these properties, combined with their substantial infrastructure, make them a rare investment opportunity.”
The properties are being sold through an expressions of interest (EOI) campaign, which closes on 5 December at 3pm AEST.
For sales enquiries, potential buyers can contact Lachlan Castran or John Castran.
Images courtesy of Merlin Entertainments
