Andergrove, Queensland
Near New Freehold Passive Investment in Mackay with Strong Tenant in place
Under Contract / Offer
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. Near-new freehold accommodation asset, less than three years old and in impeccable condition.
2. Passive investment profile, freehold ownership offering capital security.
3. Brand-new 35-year lease to be established, with an initial five-year term and subsequent five-year options, providing long-term income certainty.
4. Annual rental income of $300,769, indicating strong and predictable cashflow.
5. Reliable tenant in place since inception, operator of the neighbouring watersports park, reflecting operational continuity and alignment with local tourism.
6. Immediate adjacency to a bustling watersports park, delivering direct guest access to aquatic activities and experiential appeal.
7. Close proximity to Cape Hillsborough wildlife experiences, enhancing attraction for domestic and international tourists.
8. Located within the masterplanned Andergrove Lakes community, supporting residential and visitor catchment demand.
9. Exposure to Mackay’s diversified regional economy, underpinned by mining, agriculture and tourism, reducing single-sector risk.
10. Local infrastructure tailwinds, including a $10 million airport retail precinct development, likely to stimulate growth and employment.
11. Strong rental market fundamentals, with accessible median house prices and a tight vacancy rate of 0.5% supporting rental yields and investor returns.
