2623 Shute Harbour RoadMandalay QLD 4802
Property Details for 2623 Shute Harbour Rd, Mandalay
Last Listing description (October 2023)
Burgess Rawson is pleased to offer to the market the Jungle Zoo Early Learning Centre located at 2623 Shute Harbour Drive, Mandalay (Whitsundays) QLD for sale via Private Treaty.
This opportunity has the following key investment highlights:
+ Ten (10) year lease expiring April 2032 plus two (2) further (10) year options to April 2052
+ Impressive 576sqm* purpose-built childcare centre constructed in 2022 and licensed for 88 LDC places
+ Attractive net lease structure tenant pays all usual outgoings, including general repairs & maintenance, land tax and management fees
+ Annual rent increases to the greater of CPI or 3%
+ Enormous development upside with the potential to expand the centre to 140 LDC places (STCA) with increased parking for 36 vehicles already onsite
+ Substantial landholding comprising 9,957 sqm site incorporating numerous engaging outdoor activity areas that consist of a waterpark, animal features & detached external structures
+ Prominently positioned with 137m* of direct frontage to Shute Harbour Drive and within 3km* of the Airlie Beach CBD with access to numerous retail amenities including Jubilee Central, Airlie Beach Central and Whitsunday Shopping Centre
+Whitsunday Region: significant growth corridor of North Queensland, with a resident population forecast to grow at an average annual rate of 2.3%^
+ Net Income: $397,735 pa* + GST
For Sale by Deadline Private Treaty closing Tuesday 19 September 2023 at 3 pm AEST.
Indicative pricing of $5,680,000 (net yield of 7%)
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
*Approx.
^ Whitsunday Regional Council
^^Australian Government - Department of Education | Child Care Subsidy Reform
Property History for 2623 Shute Harbour Rd, Mandalay, QLD 4802
- 04 Oct 2023Sold for $5,650,000
- 06 Jul 2023Listed for Sale Price on Request
- 15 Sep 2020Sold for $561,000
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0About Mandalay 4802
The size of Mandalay is approximately 2.5 square kilometres. It has 5 parks covering nearly 11.2% of total area. The population of Mandalay in 2011 was 304 people. By 2016 the population was 329 showing a population growth of 8.2% in the area during that time. The predominant age group in Mandalay is 40-49 years. Households in Mandalay are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mandalay work in a trades occupation. In 2011, 60% of the homes in Mandalay were owner-occupied compared with 54.2% in 2016.
Mandalay has 210 properties. Over the last 5 years, Houses in Mandalay have seen a 83.53% increase in median value, while Units have seen a 108.95% increase. As at 31 October 2024:
- The median value for Houses in Mandalay is $833,966 while the median value for Units is $679,360.
- Houses have a median rent of $750.
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