CBRE Hotels is pleased to announce the freehold sale of NRMA Agnes Water Holiday Park for $27,500,000.
This campaign generated a record level of market interest, signifying the true strength and substantial level of demand for high-quality regional accommodation assets in Queensland.
Having been owned by the same family for 13 years, the site changed hands with a new, triple-net 35-year lease to NRMA Parks and Resorts.
Key features include:
- 35,700 sqm parcel of land in an incredible position overlooking the pristine Agnes Water Beach. The site has over 100m of absolute beach frontage on Australia’s most northern surf beach
- Brand new triple net lease to an extremely secure long term tenant – NRMA. NRMA is a major caravan park operator in Australia with more than $1 billion worth of assets and revenue of over $500m in FY2021
- Absolute triple net structured lease with a guaranteed annual increase of 2% or CPI whichever is the greater. An enormous brand new 35 year WALE providing long term annuity of income with ratchet annual increases, even at market review time.