38 MacAlister Street Mackay QLD 4740

CBRE Hotels have been exclusively appointed to offer for sale the freehold interest in the Aligned Corporate Residences Mackay.

Investment Highlights:
- Secure passive investment backed by a strong lease to Aligned Corporate Residences, with options extending through to 2054.
- The property comprises a 4-star apartment hotel featuring 97 studios, one & two-bedroom apartments, along with three additional tenancies, including a popular restaurant and two commercial suites.
- The investment delivers an FY25 net rent of approximately $1.6 million per annum, with annual increases.
- Strategically positioned on a 3,054 sqm freehold parcel with dual street frontage, close to Mackay's key attractions such as the Convention Centre, airport, and major industries.
- Mackay's accommodation market has shown remarkable resilience with a 12% occupancy increase, 18% ADR growth, and 30% RevPAR uplift since FY19.
- Over $14 billion in infrastructure investment is driving economic growth in the Mackay region.

For more detailed information regarding the property or to organise an inspection, please contact the exclusive agents.