Mackay, Queensland
High Nett Short Term MLR in Mackay - Receivers appointed
Under Contract / Offer
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: Under Contract / Offer
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-performing short-stay management and letting rights business in Mackay, marketed exclusively by Ras360° Property Solutions and JLL, with receivers appointed.
2. Prime riverfront location at 7 Nelson Street, walking distance to Mackay CBD, restaurant and entertainment precinct, Caneland Central and Bluewater Lagoon, enhancing leisure and corporate demand.
3. Strong transport connectivity to Mackay Airport, the Bruce Highway and the new Mackay Ring Road, supporting contractor and executive bookings.
4. 64-apartment modern complex, with 32 units currently in the letting pool, providing scale and immediate revenue generation.
5. 20 of the letting pool units are held under leaseback agreements, delivering predictable income and occupancy stability.
6. Projected adjusted net profit of $696,000 for FY25, supported by $2.53 million in forecast revenue, indicating attractive net margins for the operator.
7. Reliable caretaking salary of $72,000 with CPI-linked annual increases, adding a secure owner remuneration stream.
8. Long-dated agreements in place through to 2040, with 25-year original term and approximately 15 years remaining, providing contractual tenure and continuity.
9. Flexible operating structure with no mandatory office hours, appealing to lifestyle buyers and hands-on operators, and enabling varied management models.
10. Clear upside opportunities through expanding the letting pool, optimising yield management, and targeting short-stay and corporate channels to increase revenue.
11. Located in a robust regional growth market servicing the Bowen and Galilee Basins, with a diversified economy and major infrastructure projects including a $250 million hospital expansion and waterfront PDA redevelopment, supporting sustained demand.
12. Limited availability of riverfront management rights in Mackay, creating a rare acquisition opportunity for experienced operators or investors seeking market entry or expansion; price currently shown as under contract or offer.
