Where does your investment sit in the big picture?
Australian housing values increased a further 1.6% in July, according to CoreLogic’s national home value index. The latest rise takes housing values 14.1% higher over the first seven months of the year and 16.1% higher over the past twelve months. Is the growth cycle tapering as house buying becomes less affordable?
Our winter newsletter offers some interesting property offers, and insights to what happening around Cooktown. The property market is performing strongly over the past 6 months due to additional employment opportunities matched with being one of the best regions in Australia to live. This is the Great Barrier Reef & Rainforest Coast!
In today’s times as the world gets smaller, faster, and overcrowded, many often wonder what it would be like to live in paradise away from all the stress. In seeking this outcome in 1988 a family-owned nature retreat was established at the northern end of what was known then as the Great Daintree Rainforest. In those days when Cairns was still small, an adventure further north came with its hardships, namely the tyranny of distance. Over the past 30 years, as the roads improved and services like telephone and electricity became available, the remoteness of such became less and less. Conventional access is now easy and available to all.
Mungumby Lodge established in 1988 has developed over this time an enviable reputation as being one of North Queensland’s more unique lodge experiences. The Wildlife, the ambiance, and the setting became the highlights and supported business growth. There are many lodges through-out Australia yet only a few manage to develop, maintain and grow a reputation that lasts for years into the future. Sir David Attenborough sought out Mungumby Lodge and used the property in 2010 for his well-known documentary “First Life”. Today despite COVID-19 impacts the lodge remains well-positioned within many tour operator catalogues, distribution systems, on the internet, and online booking engines. There is still loads of room to grow and lots of potential nationally and internationally. The vendors post-COVID made major changes to operations and rooms to better accommodate domestic travellers in the temporary absence of international clients. In 2021 tour operator bookings are again growing and referrals remain high. In 2021 as more roads are further improved and tarseal becomes the new norm, a new client is able to easily access Mungumby Lodge as well as get off the beaten track. Not too long ago the journey was reserved for the adventurous few driving 4×4’s, today clients arrive in sports cars, motorbikes, and conventional vehicles.
Cooktown just north of Mungumby Lodge is in positive mode and focused on growth for the future. For the past 20 years, the owners of the lodge have and continue to play an active role in tourism business development for the region. There are a number of projects forecast and more on the drawing board. The Cooktown waterfront is undergoing a major upgrade and beautification program, private school facilities are now available. A $200million wind farm power plant is soon underway at Lakeland (35 minutes from Mungumby Lodge) in 2021 along with proposed new irrigation dams giving water security to support the new agriculture expansion. Queensland Health will be spending $65 million redeveloping the hospital as the medical hub for Cape York to relieve the conjected Cairns Based Hospital. There are new Maternity and birthing services at Cooktown Hospital in place along with minor surgery, dialysis, and other treatments. Galalar Silica Sand Project north of Cooktown. Due to its location, it is proposed that they operate out of Cooktown, and will employ FIFO along with local workers who will be based on-site transiting from the Cooktown region. The COOK Shire is developing at a sustainable pace and still affords those within the very paradise they came to seek out.
In the past 33 years, Mungumby Lodge has only had two owners. Both have maintained these quality structures, and developed the lodge business, reputation, and market position it enjoys today. The property offers good revenues, freehold land, an abundance of fresh gravity feed water a great lifestyle, and a work pace set by you. 95% of the lodge guests are active adventurous types from a broad range of demographics. Due to this, the compatibility of guest and staff is amazing, the team have loads of fun and are reminded every day by the guests that we have something very special.
For the past 15 years the accommodation business has grown each year. This growth has accelerated over the past 5 years due to access, reputation and infrastructure until COVID-19. Despite the GFC and COVID-19 the company has managed to reboot whilst maintaining its market position and initiate the next phase of Mungumby Lodge. Room for expansion has been created, additionally the grounds, infrastructure and facilities are constantly being improved. This business is best suited to an owner-operator or a company seeking to expand into Cape York an area that is the focus of many wishing to escape the confines of the suburbs and regular lock downs post COVID-19.
The current owners of Mungumby Lodge seek expressions of interest in the lodge property, business, and chattels. Expressions of interest for over $1.250,000.00 are sought and ongoing marketing, distribution, and logistical support is available as part of the package. The owners of the company have diversified their interests and without urgency are preparing to implement their next move. Enthusiasm and desire of this family is to see the lodge expand and grow and the business remain strong. Therefore incoming owners will be supported to ensure the future of the business and property remains secure. Live the dream and own this unique business in the center of paradise, surrounded by other top experience destinations.
Picture Cooktown waterfront with 180 views of the Endeavour River, Cooktown inlet, and the Coral Sea, a picture that is ever-changing. Upstairs spacious corporate office with no imposing infrastructure, enabling the lessee to deck out as they wish, suitable for many business scenarios. Downstairs a Cafe overlooking the harbour and a laundromat that has been an integral part of Cooktown’s waterfront since the creation of the building in 2000.
This is an ideal opportunity for a passive investor to generate better returns than interest on savings held at any bank or volatile share market. Absolute waterfront location overlooking the mouth of the Endeavour River and the Coral Sea. Cavity brick building, on Cook Shire council waterfront leasehold land.
The owners of this property have decided to meet the market in interesting times and have dropped the price of this complex by $70,000. Reason? They are aging and wish to reduce their portfolio of properties.
Do you think this great value opportunity is for you?
This superb open plan commercial space is available to let. Set on the lower ground floor on Charlotte Street this tidy open fully air-conditioned indoor space has come available. With ample off-street parking off Adelaide Street, this open area can be used for a multitude of options that would be well suited to a Veterinary, Doctor, Dentist or office space!
115 Charlotte Street Cooktown offers as a steady investment freehold property with solid returns and room to expand. The property has three separate tenancies including a national tenant. Hosting Cooktown’s only full operational bank, the well-known Croc shop gift store and downstairs the Wellbeing Centre. Purpose built in 1990 the building is of solid construction, ample off street parking and ideal high street frontage. Located across the road from the historic old bank building on Cooktown’s main street and well frequented due to the ANZ bank and neighbouring bus departure area.
With three long term tenants this investment property offers
around 9% ROI with room to grow. The building sits on 936 m2 of land and offers
1 x 77m2, 1 x 95m2 and downstairs 200m2. Each have their own private toilet and
This investment will offer sound returns, largly self managed and be a stronger performing investment than many other forms or fund holding accounts.
Agent: Hamish Haslop yours@RealEstateDownunder.com Tel +61 7 4060 3159
Absolute waterfront location overlooking the mouth of the Endeavour River and Coral Sea. Cavity brick building, built in 2000 on lease hold waterfront land, 16 years on current lease. Provision for new 40 year lease. Potential to install a vessel holding pontoon for reef charter vessel operator.
Integral position in Cooktown’s Esplanade Master Plan
Spacious upstairs corporate office suite with 180 Degree views and warp around balcony. Patisserie coffee kitchen (cafe) downstairs with wrap around private balcony with ocean views from every table. Downstairs a Laundromat servicing boaties and locals, plus laundry services.
Picture Cooktown waterfront with 180 views of the Endeavour River, Cooktown inlet and the Coral Sea, a picture that is ever changing. Upstairs spacious corporate office with no imposing infrastructure, enabling the lessee to deck out as they wish, suitable for many business scenarios. Downstairs a Cafe over looking the harbour and a laundromat that has been an integral part of Cooktowns waterfront since the buildings creation in 2000. This is an ideal opportunity for a passive investor to generate better returns than interest on savings held at any bank or volatile share market. Ask for our detailed property brochure. CLICK HERE for more details!