Mackay’s Coral Cay Resort Provides Strong Yielding Investment Opportunity

by

Mackay’s Coral Cay Resort Provides Strong Yielding Investment Opportunity
Image Supplied - CBRE

The Coral Cay Resort, one of Mackay’s most renowned accommodation offerings, has been listed for sale by its West Australian-based owner.

The 4.0-star resort is positioned along Nebo Road, forming part of the Bruce Highway. Comprising 82 guest rooms of various configurations, the property has undergone a comprehensive capital expenditure program over the past three years.

Located on an expansive 9,148sqm freehold land parcel, the resort is constructed over two levels providing guests with a range of facilities and leisure offerings including the Coral Cay Bar & Grill, meeting and boardroom amenities, swimming pool, gymnasium, sauna and outdoor guest parking.

CBRE Hotels’ Wayne Bunz and Hayley Manvell have been exclusively appointed to run the Expressions of Interest campaign for the freehold going concern interest in the resort.

Mr Bunz noted that the sale provided a strong yielding investment opportunity in a resilient and diverse regional economy.

Image Supplied - CBRE
Image Supplied - CBRE

“The Coral Cay has an established and robust trading history, consistently producing solid profit margins, and is on track to achieve a net profit of approximately $1.47 million this financial year,” Mr Bunz said. “Currently owner-operated, the hotel is being offered for sale with the benefit of vacant possession or to retain Pacific Hotels under a Hotel Management Agreement, providing an incoming purchaser with ultimate future operational and branding flexibility.”

Ms Manvell added, “For the first time, Queensland is Australia’s top-performing economy according to CommSec’s State of States report, buoyed by strong population growth, a growing jobs market and buoyant overseas demand for energy resources, such as coal and natural gas. We expect strong interest in Coral Cay from investors looking to place capital into a growing economy, with demand generators including mining, renewable energy, manufacturing and agribusiness.”

Mackay is undergoing a prolonged period of strong economic development and infrastructure investment across all sectors of its diverse economy, with over $1 billion in projects either in the pipeline or having recently been delivered.

This had helped spur the region’s strong population growth, from circa 117,000 people in 2018/19 to a current population of 130,000, with a population forecast of 170,000 by 2036.

The area is also an upcoming tourist hot spot on the Queensland coast given its close proximity to various Great Barrier Reef islands, beaches and national parks.

Related Content

CBRE Listings

Accommodation For Sale

Latest Industry News


A FANTASTIC FREEHOLD HOTEL & MOTEL OPPORTUNITY! - 157HF
Simple Duties with Spacious, Quality 2 Bed Residence - ID 9245
Dargo Motor Inn. Freehold & Business.
RARE SHORT-TERM FOCUSSED OFF-THE-PLAN MANAGEMENT RIGHTS IN BURLEIGH HEADS | Resort Brokers ID : OTP009438
Freehold Motel & Caravan Park Delivering Exceptional Return With 83% Growth | Resort Brokers ID : FH009388
A Port Douglas Original – Genuine, Welcoming and Distinctively Different
A Coastal Management Rights Opportunity in Mooloolaba Circa 30% R01
Secure 22-Year Freehold Investment backed by long-term secure lease. | Resort Brokers ID : INV009412
Off The Plan Business-Only in inner-city fringe with projected $177k+ Net profit | RB ID : OTP009406
EXCEPTIONAL LIFESTYLE WITH A SIMPLE COMMUNITY BASED COUNTRY PUB IN THE MIDDLE OF TOWN - 52HF
GOLDEN OPPORTUNITY, THRIVING LEASEHOLD MOTEL FOR SALE IN PRIME LOCATION - 1033ML
FREEHOLD GOING CONCERN MOTEL WESTERN QLD
OUTSTANDING OFF THE PLAN MIXED-USE MANAGEMENT RIGHTS - $1.6M+ PROJ. NET PROFIT | Resort Brokers ID : OTP009440
Whitsundays Management Rights, $314,779 Net Profit, 20 Years Security | Resort Brokers ID : MR009437
Long-Term Income Security – Established Management Rights | 18.6% ROI
BRISBANE NORTHSIDE FREEHOLD - 2911MF
Building Management & Caretaking Opportunity – Coronation Towers
Idyllic bush retreat - freehold business and residence