Oceans of potential at Port Macquarie

by Grantlee Kieza 14th of September, 2021

Oceans of potential at Port Macquarie
Ki-Ea Apartments, Port Macquarie

Port Macquarie, situated on the Pacific Ocean midway between Brisbane and Sydney, is one of the most desirable destinations in Australia.

Its beaches are sublime and there are quaint villages dotted everywhere nearby.

Tourism Australia rated its 9km Coastal Walk from Town Beach to Lighthouse Beach as one of the country’s top four spectacular coastal walks.

Sea Acres Rainforest Centre offers the tranquillity of a 1.3km elevated rainforest loop and indigenous bush tucker tour, while North Brother Mountain in the Dooragan National Park provides stunning 360-degree views and a picnic in the clouds.

The Ki-Ea Apartments, located close to the heart of the city and Main Beach, offers guests a heated pool, spas, sauna, viewing decks, multiple barbecue areas, lovely, modern accommodation and close proximity to great wine bars and restaurants.

Ki-Ea Apartments Spa and Viewing Deck
Ki-Ea Apartments Spa and Viewing Deck

 

The complex, built in 2004, also offers investors a wonderful opportunity for a terrific income and an enviable work/life balance in a boom location.

The property returns a net profit of $280,708 with operational and market upside. The risk free body corporate salary is a generous $98,182 per annum.

Ki-Ea features 29 holiday units and the total asking price is $1,995,000, which includes a three-bedroom managers unit with ensuite, open plan living /dining area, bathroom and laundry. The managers’ residence is valued at $750,000.

Ki-Ea Apartments
Ki-Ea Apartments

 

“It’s a superb property in a great location that is offering excellent returns and that very impressive body corporate guarantee,” said James Carrick of Tourism Brokers & MR Sales.

“And the property comes complete with a topped up, as new 10-year letting and caretaking agreement.

“Port Macquarie was once a sleepy retirement village but because of its beaches and other attractions it is now a thriving town with luxury hotels, wine bars and restaurants.

“The accommodation market there is rapidly growing as a rival to Byron Bay, and the Ki-Ea Apartments are ideally placed for tremendous growth.”

Port Macquarie was founded as a penal settlement 200 years ago at the mouth of the Hastings River, and that beautiful waterway now offers everything from relaxing cruises to jetboat thrills in the fastest watercraft in NSW.

The town is surrounded by other picturesque locations such as Laurieton, Crescent Head and Wauchope.

Near Wauchope, Old Bottlebutt is the largest Red Bloodwood tree in the southern hemisphere, 16-metres wide. Access comes along a 600-metre walk in the Burrawan State Forest.

At the heritage theme park Timbertown there are farmyard animals, Clydesdale horses and bullock demonstrations recalling the great logging industry of the area.

The Port Macquarie area is a paradise for holidaymakers who all need somewhere to stay.

Bago Vineyards features a 1000-metre hedge maze to intrigue guests.

Port Macquarie’s Billabong Zoo has an exciting Africa Exhibit with lion cubs and cheetahs, plus the Jurassic Pond exhibit which is home to a 4.6-metre monster crocodile called Shrek. There are shows and feeding times all day.

At the lovely Cassegrain Winery, the Port Macquarie Horse-riding Centre offers rides through the vines, or lessons in the sand arena.

Every day at 3pm the Koala Hospital offers a free Feed, Walk and Talk tour to learn about the sick and injured koalas at this unique, volunteer-run attraction.

And for those with a sense of adventure Port Macquarie even offers camel rides along Lighthouse Beach.

“The town really has become an important tourist destination,” Mr Carrick said, “and the Ki-Ea apartments offer a very well-priced opportunity to become part of its huge potential.”

Find the business listing details HERE.

Find more Management Rights For Sale HERE.

Find the latest industry news HERE


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