Rockhampton City, Queensland

Passive Investment $8,000,000

Property Description

2543MI - Long Term Strategic Investment - Resort Asset

Portion of 3.81ha Masterplanned development - subdivided into smaller portions as part of a strategic plan for growth.

Adjoining a modern Conference Centre/Functions and Wedding facility opened in 2018 as part of the Korte Resort area - offered as one or offered seperately.

Substantial 40 year lease of this modern diverse resort property, provides peace of mind for the incoming purchaser.

With the intention to now focus on the operation and expand further into Weddings, Conferences and Training, the decision has been made to offer this superb facility to the investment market.

- Resort asset.

- 52 Room resort/restaurant opened in 2016.

- Price: $8,000,000.

- Rent: $480,000 (yield at 6%).

- Lease term: 40 years.

- Consistent year on year growth, with Rockhampton being a strong accommodation city.

- Strong depreciation schedule.

- Room for further expansion.

- Full commercial liquor license.

Part of a truely luxurious tropical oasis near the new residential heart of Rockhampton, A new bonus for the additional growth of the property is a new development that Stocklands have just announced. The site is opposite and will add significant momentum to the properties growth. The Stocklands development known as Ellida, is a 2,290-lot subdivision on a 278ha site in Parkhurst, 10km from the Rockhampton CBD, comprised of houses and duplexes, open spaces including a district park, and a regional community facility, with the potential to include low scale commercial development. Backing onto McLaughlin Street, the master planned community by Stockland Development Pty Ltd will be constructed in eight stages.

Near new, the operators and builders have combined years and skills of many operations to build a property that flows, adds value and meets the consumers expectations of luxury.

Whether guests are gathering for a wedding, conference, overnight stay or night out, this state-of-the-art venue is the perfect choice – at the right price.

Annual Rent: $480,000 plus GST

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property Id: 2543MI (quote when enquiring)

Property Code: 3440

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent

Michael Philpott

Marketing Agency

Tourism Brokers

Michael Philpott
Tourism Brokers


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Map Location ( get directions )

Rockhampton City, Queensland 4700 Exact map location not provided

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