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16,200 SQFT
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Adam Grbcic and Tony Grbcic from Properties building company Commercial are excited to present five-star wedding, events and accommodation venue 'Kwila Lodge', at 5 Boomerang Road, Mudgeeraba, to the market.
Located in the central suburb of Mudgeeraba, the property is ideally situated on the corner of Boomerang Road and Gold Coast Springbrook Road, which is only 7 minutes* from Mudgeeraba Village and the M1 Motorway, and 10 minutes* from the burgeoning centre of Robina. It is also in proximity to some of the Gold Coast's best beaches, amenities and attractions
Positioned on a 16,200m2* parcel of land on the doorstep of Springbrook National Park, this stunning freehold property is in a truly magical setting and comes with a guaranteed income stream by way of a signed 10-year lease with a highly reputable tenant.
The current owners recently undertook a $2 million-plus renovation to transform the historic property into a five-star event and accommodation offering. It includes the original 1923 homestead and attached function room, with commercial bar and kitchen facilities, alongside several self-contained and fully renovated lodges.
The Key Attributes Include:
-Stunning freehold wedding, events and accommodation venue ('Kwila Lodge')
-Total Site Area: 16,200m2*
-Net Income: $540,000* pa + GST + Outgoings
-New 10-year lease, with further two five-year options; annual 3 per cent rent increase
-Zoned: Rural (Rural, Rural Landscape and Environment Precinct), with additional approval to operate as a Tourist Facility
-Recent $2 million-plus renovation, includes upgrades to main homestead, existing buildings and improvements to wider parcel
-Main building features large function room with commercial-grade kitchen and bar; seats 160 guests; 250 cocktail
-'The Great Lodge': loft-style accommodation suite with stone fireplace, bathroom, kitchen, dining room, bar, sleeps 4; liquor license; the building also has an approved license to operate a restaurant
-'Kwila Lodges': three self-contained one-bedroom studios, each sleeps up to 4; one self-contained, two-bedroom lodge, sleeps up to 8
-DA approval to expand the accommodation offering;
-Mostly level parcel with mature bushland, manicured gardens, lake with fountain
This unique, freehold property in an inspiring yet convenient location comes with an historic approved zoning that may never be repeated. Combine this with the security of a guaranteed income stream in the form of a new 10-year lease, with built-in annual rent increases, and this investment is one for serious consideration.
The opportunity would suit both local and interstate operators seeking to expand their holdings by owning a successful enterprise with a solid income and excellent expansion potential.
