Mackay, Queensland
High Nett Short Term MLR in Mackay - Receivers appointed
Expressions of Interest
Business Description
Ras360° Property Solutions, in collaboration with JLL Hotels & Hospitality Group, is pleased to exclusively present to market the management and letting rights to Riviera Mackay on behalf of the Receivers and Managers. This is a standout opportunity to acquire a high-performing, strategically located accommodation business in the heart of one of regional Queensland’s most dynamic and economically important cities.
Situated in a prime riverfront position at 7 Nelson Street, Riviera Mackay offers unparalleled access to both the Mackay CBD and surrounding infrastructure. The property is only a short stroll to the City Centre’s restaurant and entertainment precinct, Caneland Central Shopping Centre, Bluewater Lagoon, and is well connected to Mackay Airport, the Bruce Highway, and the recently completed Mackay Ring Road. These strong logistical connections place the asset in a high-demand zone for both corporate and leisure markets.
The offering comprises the caretaking and letting rights to a modern 64-apartment complex, with 32 apartments currently in the letting pool, 20 of which are held under leaseback agreements. The business delivers a projected adjusted net profit of $696,000 in FY25, supported by $2.53 million in forecast revenue and a reliable caretaking salary of $72,000 with CPI-based annual increases.
With agreements in place through to 2040, and no mandatory office hours, Riviera Mackay allows a flexible operating structure, appealing to both lifestyle buyers and hands-on operators. There is further upside potential through increasing the letting pool, improving yield management, or enhancing occupancy through short-stay and corporate channels.
Mackay itself is a standout regional growth market, acting as the service centre for the Bowen and Galilee Basins—home to Australia’s largest coal reserves. The city benefits from a diversified economy spanning resources, METS (Mining, Equipment, Technology & Services), health, agriculture, and construction. A multi-billion-dollar pipeline of projects is currently transforming the region, including the $250 million Mackay Base Hospital expansion and the transformative Mackay Waterfront PDA redevelopment.
Riviera Mackay stands to benefit directly from these macroeconomic drivers, offering consistent demand from professionals, contractors, and travelling executives. The property’s location, design, and scale position it as a preferred choice for high-yield accommodation, with stable long-term revenue and growth potential.
With limited availability of riverfront management rights businesses in Mackay, this sale represents a rare and timely opportunity for discerning investors or experienced operators to enter or expand within one of Queensland’s most resilient and expanding accommodation markets.
For a copy of the Information Memorandum or to arrange a confidential discussion, please contact the exclusive conjunction agents at Ras360° Property Solutions & JLL
Business Summary
Business Snapshot
Price: Expressions of Interest
Net Profit: $696,000 Remuneration / Body Corp Salary: $72,000
Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 64Total Units in Letting Pool: 32Owner Occupy Units: 16Outside Agent Units: 17Agreement Term: 25 yearsAgreement Term Remaining: 15 years
Key Investment Insights
1. High-net short-term management and letting rights business, currently marketed after receivers appointed, indicating motivated sale conditions.
2. Prime riverfront location at 7 Nelson Street, immediate access to Mackay CBD, dining and entertainment precinct, and Bluewater Lagoon, enhancing leisure appeal.
3. Strong transport connectivity to Mackay Airport, the Bruce Highway and Mackay Ring Road, supporting corporate and contractor demand.
4. 64-apartment modern complex, with 32 apartments currently in the letting pool, offering scale and operational efficiency.
5. 20 of the letting-pool apartments are under leaseback agreements, providing immediate revenue stability.
6. Projected adjusted net profit of $696,000 for FY25, supported by forecast revenue of $2.53 million.
7. Reliable caretaking remuneration of $72,000 with CPI-based annual increases, plus no mandatory office hours, enabling flexible operational models.
8. Long-term agreements in place through to 2040, equivalent to a 25-year term with approximately 15 years remaining, delivering contract stability.
9. Clear upside opportunities by expanding the letting pool, improving yield management, and targeting short-stay and corporate channels.
10. Location benefits from strong regional demand drivers, servicing Bowen and Galilee Basins, a diversified local economy, and major infrastructure projects including a $250 million hospital expansion and Mackay Waterfront PDA, supporting sustained occupancy and revenue.
