The booming economic wave rolling over coastal centres along the Great Barrier Reef offers savvy investors at one Yeppoon property a stunning location, a massive income and enormous development potential.
Investors will fall in love with L’Amor, a complex of 20 recently renovated apartments overlooking Lammermoor Beach, with the fitting address of 100 Scenic Highway. The resort is offering a sweetheart deal with six extra freehold apartments as well as the management rights.
Yeppoon is renowned for its beaches, tropical climate, and 27 nearby islands including Great Keppel Island 20 kilometres away
It is 25 minutes from the city of Rockhampton, and the principal town on the Capricorn Coast, a string of seaside communities stretching more than 150 kilometres from north to south. The beaches and shallow coves provide a destination both for tourists and retirees settling down in Central Queensland.
All the apartments at L'Amor look over Lammermoor Beach with views to Keppel Bay and the islands. The resort facilities include swimming pool, BBQ & tennis court.
There are extremely strong forward bookings.
As part of the $2.8 million negotiable asking price, the owners are offering a rare consolidated opportunity of a manager’s residence and five additional freehold apartments (4 x 1 bedroom apartments and 1 x 3 bedroom apartment) offering a huge income separate from the management rights net profit of $103,702 to May 2021.
Michael Philpott, from MR Sales, said L’Amor was set in “a brilliant location with enormous potential”.
“So many people are moving up there from NSW and Victoria,” Mr Philpott said. “It’s a fabulous location with great facilities, and it offers proximity to the water and the islands of the Great Barrier Reef."
“The potential is enormous."
“The units are trading exceptionally well with long-term contracts and the property is a real prize asset. It comes with six freehold units which offer a massive income in addition to the management rights."
“Yeppoon is such an up-and-coming area because it’s all waterfront – the huge amount of infrastructure and development happening around there is impressive. There’s a lot of money pouring into Yeppoon and the nearby regions and it’s revitalising the whole area.”
Yeppoon is situated 38 kilometres north-east of Rockhampton, and is considered to be the gateway to Great Keppel Island and the wonders of the Southern Great Barrier Reef.
The Capricorn Coast was part of the traditional lands of the Darumbal Aboriginal people and Yeppoon was settled by the Ross family in 1865 when they took up large landholding. Fruit crops, cattle, and wool were the major industries of the early town with a short-lived period of sugar cane growing followed from 1883 to 1903.
Pineapples, mangoes, and other tropical fruit became the mainstay of local agriculture with cattle grazing and fishing also contributing to the local economy.
These days the main street and esplanade offer beach-chic boutiques, surf stores and new street art murals adorning local walls.
Restaurants and cafes offer locally sourced fine food with specialty produce including premium, export quality beef, seafood, and tropical produce. There is a wide range of restaurants, cafés and clubs catering to all tastes and budgets.
Families are well catered for in Yeppoon, with the foreshore also boasting the fantastic “Keppel Kraken” zero-depth water park, open daily with lots of fun and free activities for kids.
The new lagoon pool at the southern end of Yeppoon Main Beach also has a children’s play area and places to eat.
Find the business listing details HERE.