The Sands Torquay offers hotel strata titles for sale

THE Sands Torquay resort has put the 100 strata titles that cover the 112 hotel rooms in the resort up for sale.

According to the resort’s website, prospective buyers will get up to 30 days of use each year, resort benefits and a 5 per cent guaranteed return.

The strata titles will remain as hotel rooms for short-term stays under a management agreement with The Sands Torquay owner Destination Leisure Holdings, which acquired the business in 2021 for $12.8 million.

Under the terms of the sale, the owners of the rooms can use them for up to five nights during the high season (December 1 to February 28), up to 10 nights during the shoulder season (March 1 to May 31 and September 1 to November 30) and up to 15 nights during the low season (June 1 to August 31).

Prices range from $240,000 to $750,000.

“We have always maintained a bias to keep The Sands in local ownership and the sale of our strata titles provides a unique opportunity for you to be part of the ownership group,” The Sands owners Kerstin Grant and Paul Fielding said.

“We are super excited to finally be in a position to secure our future and continue to make The Sands a vibrant place we can all enjoy.”

The overall 76.5-hectare property was listed for sale last year, and it remains on the market.

For more information on the sale of the strata titles, head to thesandstorquay.com/strata-title-sales