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Near New Freehold Passive Investment in Mackay with Strong Tenant in place
$3.9M - Passive Investment
Motel Hospitality, ANDERGROVE QLD
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 **
More Information
- Total Purchase Price: $3.9M - Passive Investment
- Net Income: $ 0
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