Andergrove, Queensland
Near New Freehold Passive Investment in Mackay with Strong Tenant in place
$3.9M - Passive Investment
Business Description
Seize the chance to own the freehold of a unique accommodation asset nestled within the vibrant Andergrove Lakes masterplanned community. This property is less than 3 years old and is in impeccable condition, reflecting its modern design and meticulous upkeep.
The current operator, renowned for managing the neighbouring watersports park, has been a reliable tenant since the property's inception. For prospective investors, a brand-new 35-year lease (comprising an initial 5-year term with additional 5-year options) will be established, ensuring long-term security and peace of mind. The annual rental income is a robust $300,769, reflecting the property's strong financial performance.
Strategically positioned adjacent to a bustling watersports park, the lodge offers guests unparalleled access to aquatic adventures. Visitors can immerse themselves in local wildlife experiences, such as witnessing sunrises alongside wallabies and kangaroos at Cape Hillsborough. The lodge's proximity to these attractions enhances its appeal to both domestic and international tourists.
Investing in Mackay offers significant economic advantages. The region boasts a diversified economy underpinned by mining, agriculture, and tourism sectors. Recent initiatives, such as the $10 million airport retail precinct development, are set to further stimulate local growth and employment opportunities. Additionally, Mackay's property market has demonstrated resilience and growth, with median house prices remaining accessible and rental yields benefiting from a tight vacancy rate of 0.5%.
This offering presents a rare opportunity to acquire a high-quality asset with a dependable tenant in a region poised for continued economic expansion.
**Ras360 – Specialists in Motels | Hotels | Pubs | Parks | Management Rights **
Business Summary
Key Investment Insights
1. Freehold ownership of a near-new accommodation asset, under three years old, indicating modern design and minimal immediate capital expenditure.
2. Impeccable condition and meticulous upkeep, supporting strong asset presentation and guest experience.
3. Established, reliable tenant in place who operates the neighbouring watersports park, creating operational synergies and reduced vacancy risk.
4. Brand-new 35-year lease to be established, providing long-term income security; lease structure includes an initial five-year term with additional five-year options.
5. Annual rental income of $300,769, delivering a robust, predictable cashflow for passive investors.
6. Adjacent to a busy watersports park, enhancing demand drivers and guest appeal for activity-based tourism.
7. Proximity to Cape Hillsborough wildlife experiences adds unique experiential drawcards for domestic and international visitors.
8. Located within the masterplanned Andergrove Lakes community, supporting neighbourhood amenity and ongoing demand.
9. Mackay region fundamentals supportive, with a diversified economy across mining, agriculture and tourism, reducing single-sector exposure.
10. Local market tailwinds include a $10 million airport retail precinct development, a very tight vacancy rate of 0.5% and accessible median house prices, suggesting favourable rental market dynamics.
