<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

<main data-perf-region="main">
Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Hotel Listing

<html><body>
A bluestone country hotel in NSW’s Goulburn district is set to go under the hammer on June 2 with price expectations of $700,000.
Located at <a href="https://www.eldersrealestate.com.au/residential/buy/property-other-nsw-taralga-684526" target="_blank">24 Orchard Street Taralga</a>, the country hotel was established in 1876.
The listing agent is David Medina at an Elders Real Estate auction. 
According to its description, it is an “excellent repeat business with outstanding further potential”
It sits on a 3,230 sqm site. The two-storey hotel has seven rooms that can accommodate up to 23 guests, and includes a manager’s quarters with two bedrooms.
Owners Brad and Rob Norford bought into the Taralga Hotel just 12 months ago, but ill health has prompted an unplanned early exit, said a post in Domain. 
The rooms have built-in wardrobes and is close to shops.
<img src="https://www.urban.com.au/images/2017/05/23/Taralga1.png" alt="">
</body></html>

jonathanchancellor-7SQnKwU6yx

Historic Goulburn district Taralga Hotel up for auction 

<html><body>
An iconic hotel in Maitland in NSW’s Lower Hunter Valley is up for auction on June 15. 
The Family Hotel is at the northern gateway to the Maitland CBD.
The two-story hotel sits on a large site of 2,136 square metres. 
The hotel is easily recognisable with its pitched roof and overhanging verandahs, says its description.
Built in 1860, the pub is believed to have a resident ghost, was supposed to be the scene of a murder, has a hidden attic still furnished with original furniture and a ballroom with a sprung dance floor, according to the Maitland Mercury.
Manenti Quinlan and Associates of Sydney and Moore and Moore Real Estate of Newcastle have been appointed to market the hotel, following their recent success in selling Shenanigans at The Imperial in Maitland. 
<img src="https://www.urban.com.au/images/2017/05/19/FamilyHotel1.JPG" alt="">
Manenti Quinlan’s Gerry Quinlan said that Maitland was one of the sought-after hotel destinations in New South Wales due to its proximity to Sydney, Newcastle and the Hunter Valley. 
The hotel has been priced to attract a wide audience of investors and operators, said Deane Moore.
 
 
 
 
</body></html>

Iconic Maitland hotel to go under the hammer

<html><body>
Mackay Grande Suites, a 4.5 star hotel in central Queensland, is set to come to the market through CBRE Hotels.
The hotel has been marketed by several agencies over the past three years but now the ownership has been placed into administration.
The companies, directed by John Cowley, went into administration earlier this year and were also listed earlier this year with expectations of $30 million, according to the Northern Star.
Mackay Grande Suites has a site area of 2,029 sqm, and the seven-story building comprises 91 rooms, a bar and bistro, swimming pool, 45 electronic gaming machines and other amenities.
It has internal access to the adjoining Centrepoint Shopping Centre.
According to the brochure, the hotel has a  strong cash-flow business with diverse income streams and is being offered with vacant possession.
<img src="https://www.urban.com.au/images/2017/05/17/Mackay2.png" alt="">
Although the decline of the resource sector in 2012/13 hit the economies of Mackay, Gladstone and Emerald, there has been renewed investor interest and activity in the Mackay region due to the recent announcement of the proposed $22 billion Adani Carmichael project, the approval of the $555 million Mackay Ring Road infrastructure project and the resurgence in major industries including agriculture and mining, says CBRE.
Added to that, in 2016, sugar prices surged to the highest level in four years, while the mining sector also recovered with mining services companies benefiting from increased production due to higher coal prices. 
Tourism in the region has also risen off the back of extensive tourism campaigns and the record low Australian dollar.
All these factors are expected to drive the recovery in the Mackay economy in the short to medium term, according to CBRE, and the acquisition of the Mackay Grande Suites could be counter cyclical opportunity. 
The agency also says that “it is not unlikely that the asset will be sold below replacement value”.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/17/Mackay3.jpg" alt="">
The Mackay Grande Suites and associated properties are being marketed by CBRE Hotels’ Wayne Bunz and Paul Fraser under instruction from voluntary administrators, Sam Freeman and Justin Walsh of Ernst &amp; Young. 
 
 
</body></html>

Mackay Grande Suites hotel in central Queensland to hit the market

<html><body>
A fringe Byron Bay residential development site which has 60 metres of beachfront reserve access has been listed for sale.
It’s the 22-room Wollongbar Motel, which is run by a private operator, along with a house next door on the road out of Byron near the abandoned railway line.
The listing agent Blake Goddard from JLL Brisbane said the site was already receiving buyer inquiry from Sydney and Brisbane developers.
Matthew Hogg said he was selling to focus on other investments in Melbourne.
The site is tipped to fetch more than $10 million.
The 4542-square-metre site at 17-21 Shirley Street has a development approval for 17 luxury apartments.
The site is for sale by expressions of interest closing March 23.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Byron Bay's $10 million plus beachfront offering

<html><body>
Sydney artisan jewellery designer Rosemary Luker and her tree surgeon partner Russell Freeman have dropped the asking price of Mallacoota's Karbeethong Lodge.
The historic 1903 residence now comes with $1.35 million plus hopes - down from $1.8 million - as the pair try and trigger a sale through Unique Estate's Nicolette van Wijngaarden.
The coastal Edwardian retreat on an inlet halfway between Sydney and Melbourne cost the couple $620,000 in 2001. They have restored and renovated the lodge during their ownership.
Luker and Freeman stumbled upon the place looking for a room and fell in love with it.
Set among fruit trees with access to a jetty, the 10 bedroom lodge sits on 4476 sqm of waterfront land and has hosted Australian and international guests, all the way back to poet Banjo Paterson.
This article first appeared in The Weekend Australian's Mansion Australia section. 
 
</body></html>

Price drop for Karbeethong Lodge, Mallacoota

<html><body>
The Ray White Hotels Asia Pacific director Andrew Jolliffe has listed a Top 100 gaming property, The Tennyson Hotel at Mascot.
Set on Botany Rd, the Tennyson Hotel is a popular hotel with 30 gaming machines.
"Notwithstanding the latest ranking at 87 in NSW, the hotel requires an upgrade," Jolliffe advised.
The leading hotel architect Paul Kelly has designed a renovation which has DA approval.
"Only a very small number of Top 100 gaming hotels have changed hands over the past few years," commented Jolliffe.
"The reality is that this should be a Top 50 Gaming hotel," he added.
<img src="/images/2016/11/03/Aerial%20Hero%20Image.jpg" alt="">
The two-level large format hotel has a Sidney Warden-designed Inter-War Functionalist structure on the busy Botany Road and High St corner.
Its allotment is 1400sqm.
Jolliffe's client, JDA Hotels recently contemplated an unsolicited offer, advised John Feros of JDA Hotels.
The hotel, even in its currently unrenovated state, attracts in excess of $8m in annual receipts from predominantly high gross profit margin revenue centres.
<img src="/images/2016/11/03/Hero%202.jpg" alt="">
It goes to Ray White on December 1.
</body></html>

Tennyson Hotel at Mascot listed by Feros family

<html><body>
Shippies, the 1840s Hobart hotel premises are currently for sale at Battery Point.
<img src="/images/2016/10/05/600_ships.jpg" alt="">
The property at <a href="https://www.realcommercial.com.au/property-hotel+leisure-tas-battery+point-502127254">29 Trumpeter Street</a> is a Hobart institution.
<img src="/images/2016/10/05/Screen%20Shot%202016-10-05%20at%201.03.50%20PM.png" alt="">
The Shipwrights Arms Hotel is tenanted for four years from 2015 with a four year option.
It has a land area of 1,460 sqm fronting three streets and is part of Hobart's history in the prestigious Battery Point area.
<img src="/images/2016/10/05/Screen%20Shot%202016-10-05%20at%201.04.46%20PM.png" alt="">
Its net rent is around $234,000 p.a.
It is offered through Knight Frank agent Ian Reed with expressions of interest closing on November 3.
<img src="/images/2016/10/03/29%20Trumpeter%20Street.jpg" alt="">
The property last sold in 2006 at $2 million. It previously sold in 1992 at $772,000.
Construction is brick with suspended timber floors and galvanised iron roof. Ceilings are plasterboard and lathe and plaster; windows are timber and aluminium. A single lift and stair well provide access to the upper level with a fire escape at the rear.
The property has two bars, commercial kitchen, extensive dining area, nine accommodation rooms and recently refurbished manager’s residence. The property also has a sealed car park with 20 spaces. 
<img src="/images/2016/10/05/Screen%20Shot%202016-10-05%20at%201.06.11%20PM.png" alt="">
The hotel's reputation is as an authentic maritime village pub, the closest thing to an old English Corner Pub.
It marketed itself as "No Pokies, No TAB, No Tofu, No Keno, No Live Music, No Bok Choy."
<a href="https://www.realcommercial.com.au/property-retail-tas-battery+point-502119426" target="_blank">The local post office</a> is also for sale.
</body></html>

jchancellor-FAypfDUnLy

Shippies, Battery Point hotel premises for sale

<html><body>
A Brisbane pub asset that figures in the top 10 gaming hotels in Queensland is up for sale for an expected $30 million.
The hotel has hit the market amid a backdrop of high-profile hotel transactions in 2016, with the most recent being the Colombian Hotel in Sydney for about $20 million.
Ray White’s Andrew Jolliffe and CBRE's Glenn Price have been appointed to sell the large-format Acacia Ridge Hotel in Brisbane's South West Corridor. 
Joliffe has been instrumental in other prominent hotel deals in NSW such as Parramatta's $60 million Albion Hotel and The Colombian Hotel. 
According to him, market thirst for A grade freehold property such as the 18,450 sqm Acacia Ridge Tavern site remains unquenched. 
"We've seen the depth of the market tested several times this year in gateway cities across the Australian East Coast, and the almost invariable result has been that high quality assets which enjoy a confluence of both scale and opportunity remain compelling and commensurately sought after by well-informed capital,” said Jolliffe. 
Located at <a href="https://www.realcommercial.com.au/property-hotel+leisure-qld-acacia+ridge-501070147" target="_blank">386 Beaudesert Road</a> in the blue collar industrial precinct of Acacia Ridge, The Acacia Ridge Hotel has benefited from the expansion of surrounding residential suburbs including Sunny Bank, Sunny Bank Hills and the $600 million Cornerstone Living master plan development at Cooper Plains. 
<img src="/images/2016/10/04/Acacia3.jpg" alt="">
Sitting next to the hotel is the Acacia Ridge Intermodal Freight Terminal, which services rail and road freight from the broader Queensland logistics network.
CBRE's Price added that the major land size upon which the hotel is located would also provide an investor with ancillary mixed use, or wholesale alternative opportunities. 
The Acacia Ridge Hotel is regarded as one of the most sought after hotel properties in Queensland, and recently underwent a renovation. It has figured consistently in the state’s top 10 gaming hotels ranked by profit. 
It has 45 gaming machines, a large format drive-through bottle shop, bars and conference facilities as well as a 34-room accommodation centre.
The hotel will be sold through an expressions of interest process ending late October. It is expected to draw wide investor interest.
The Commonwealth Games in 2018 are an added boost, said Joliffe.
“We are bringing to the market a prime 18,740 sqm commercial property holding, set upon a major arterial road and which has historically generated significant annual profit.”
The hotel was bought by Sydney investors Peter Calligeros and Stephen Farley for $16 million in 2014, according to the Australian Financial Review.
</body></html>

prateek24-ezbwHMbNAk

Brisbane’s Acacia Ridge Hotel hits the market with $30 million expectations

<html><body>
The Peppers Airlie Beach resort in North Queensland is on the market through an expressions of interest closing Thursday 20 October with price estimations between $15 million and $17 million, according to reports.
The resort, 9A Hermitage Drive Airlie Beach offering includes 56 self-contained freehold strata titled 1, 2 &amp; 3 bedroom apartments and 3 x 4 &amp; 5 bedroom villas with ocean views.
The receivership sale will be handled by CBRE Hotels and PRD Nationwide Airlie Beach on behalf of McGrathNicol.
Features of the property include Management Letting rights business for up to 106 apartments in the complex, resort facilities such as infinity swimming pool, gymnasium and Endota Spa.
CBRE agent Wayne Bunz said there was already significant interest in the area, pointing to the recent sale of Club Croc, Daydream Island and South Molle Island. 
"We have been inundated with enquiries for leisure assets of late, particularly from mainland China," he said. 
"Investors are looking to enter key leisure markets and capitalise on their potential for future growth, particularly in light of the softening Australian dollar, which is creating favourable market conditions for the local tourism market."
The $80 million resort was developed in 2009 by Josh Thompson's Latitude Development Group, which was placed in the hands of receivers McGrathNicol in March, according to the Australian Financial Review.
</body></html>

Receivers' sale for Peppers Airlie Beach Resort, QLD

<html><body>
Fitzroy Island Resort off Cairns in Far North Queensland has been listed for sale amid surging growth in the region’s tourism sector.
Resort Brokers Australia will launch a six-week international campaign to sell the Fitzroy Island Resort tourism business.
The resort, the only one on the 339-hectare National Park island, is owned and operated by a Darwin-based property development and management group headed by Doug Gamble.
The family company, whose interests also include Darwin’s Crocosaurus Cove attraction, bought the property in 2010 as a partially built upscale resort fallen victim to the GFC.
Since then, they have painstakingly developed the resort, which covers 4.312 hectares with a 440-metre beach frontage to Welcome Bay on Fitzroy Island, 30 kilometres south-east of Cairns, within the Great Barrier Reef Marine Park.
Offered now for the first time since opening in 2011, it includes a 102-room 4.5-star resort hotel, multiple food and beverage outlets, conference and wedding venues, leisure facilities, dive shop, general store and mooring facilities.
Also part of the sale is a 190-seat high-speed catamaran ferry service, the ‘Fitzroy Flyer’, operating three services daily (45 minutes to the island) and packaged day tours from Cairns.
Resort Brokers Australia managing director, Ian Crooks, national sales manager Trudy Crooks, and FNQ senior broker Shane Mullins have been appointed with offers due Thursday, October 27.
“This is a rare and valuable tourism asset in one of the most desirable destinations on the planet, so we can expect substantial interest from both local and international buyers including large hotel operators and investors,” Ms Crooks said.
“Not only is this near new property already generating a steady and growing income, projected to exceed $2.7 million in FY17, it comes with outstanding growth opportunities and genuine barriers to entry from outside competition.”
Fitzroy Island Resort is selling with development approvals and plans for future stages, including up to 75 more rooms, and extensive infrastructure including a water supply spring, dam and pipeline on title, sewerage treatment and power plants, and staff accommodation.
Figures from Tourism Tropical North Qld (TTNQ) point to recent record growth for the region.
Domestic visitors grew 33.5 per cent to 2.2 million with a 35 per cent rise in expenditure to $2.4 billion for the year ended March 2016.  Domestic visitor nights rose 19% to 10.5 million.
International visitor expenditure was $1.1 billion, an increase of 13 per cent, and total international visitor numbers grew 11 per cent to 830,000.
Fitzroy Island Resort enters the market on the back of heightened investment interest in the Great Barrier Reef, hot on the heels of the recent sale of the South Molle Island resort in the Whitsundays to Shanghai-based China Capital Investment.
CCIG had earlier bought the nearby Daydream Island resort, where it is undertaking a major redevelopment, while another major Chinese company, White Horse Group, bought Lindeman Island in late 2012.
“We’re seeing a new wave of investor interest including the redevelopment of Hayman, planned expansion of Hamilton, and redevelopments on Daydream, Lindeman and Brampton islands,” Ms Crooks said.
“But while that activity is happening in central Queensland, Fitzroy Island Resort is the only island opportunity in Queensland’s tropical north, with proximity and easy access to the major international gateway of Cairns Airport.”
</body></html>

Hotel Listing

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Hotel Listing

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News