The property features a prime location with a 90-meter frontage on the high-traffic Shute Harbour Road, the main gateway to the thriving Whitsunday Region, offering exceptional visibility and accessibility.
Lot Overview:
• Lot 1 (SP 165637):
o Size: 699 sqm
o Improvements: Leased Showroom and Warehouse
o Tenant: Rewards Hospitality (anchor tenant)
• Lot 2 (SP 165637):
o Size: 195 sqm
o Improvements: 10 Storage Sheds, each 17.5 sqm
o Lease Status: Occupied by various tenants on medium-term agreements
• Balance Land:
o Size: 5,778 sqm
o Development: Includes a leased Warehouse Storage Shed
o Tenant: Rewards Hospitality
This property is available for sale as one combined offering. A key benefit for the new owner is the opportunity to reconfigure the body corporate structure, unlocking future development potential for the balance land.
Anchor Tenant Details:
Rewards Hospitality, part of the ECF Group, is a longstanding, reputable tenant with over 35 years of industry experience. Operating from 26 locations nationwide, the company services critical regions such as the Whitsunday Islands, Airlie Beach, Proserpine, Bowen, Collinsville, and the greater Bowen Basin. The current lease with Rewards Hospitality extends until September 30, 2025, with three additional three-year options available.
Additional Features: The property also includes:
• 10 storage sheds leased primarily under long-term agreements, offering stable, low-maintenance income.
Financial and Zoning Highlights:
• Annual Return: $179,000 Net P/A
• Zoning: Low Impact Industrial
• Structure: Two freehold lots plus common property, currently managed under a small body corporate setup
This unique offering delivers strong income streams and substantial potential for future development.
For Further Information: An Information Memorandum is available upon request. Contact Brett Dwyer at 0447 583 759 or brett.dwyer@raywhite.com.
