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. Near-new freehold asset in Andergrove Lakes masterplanned community, under three years old and in impeccable condition.
2. Passive investment proposition, offering freehold ownership rather than leasehold.
3. Established tenant is the renowned operator of the neighbouring watersports park, providing operational synergy and stability.
4. Brand-new 35-year lease to be put in place, with an initial five-year term and additional five-year options, delivering long-term income security.
5. Strong annual rental income of $300,769, indicating robust cashflow for investors.
6. Strategic adjacency to a busy watersports park, enhancing guest appeal and direct access to aquatic activities.
7. Proximity to Cape Hillsborough wildlife experiences, supporting tourism demand from domestic and international visitors.
8. Located in Mackay, a diversified regional economy underpinned by mining, agriculture and tourism, reducing single-sector exposure.
9. Local infrastructure growth catalyst in progress, including a $10 million airport retail precinct, likely to stimulate visitation and employment.
10. Residential market fundamentals supportive of rental returns, with accessible median house prices and a very tight vacancy rate of 0.5%.
11. Opportunity framed as rare, high-quality asset acquisition with a dependable tenant in a region showing continued economic expansion.
12. Listing marketed by Ras360, specialists in motels, hotels, pubs, parks and management rights, suggesting sector expertise in sale facilitation.
