Lot 3 Kingfisher Bay Eastern Forest 2, Fraser Island, QLD, 4581

For Sale

Lot 3 Kingfisher Bay Eastern Forest 2, Fraser Island, QLD, 4581

Expressions Of Interest

101 m²

418 m²

Unit

•

12 days on the market

What's around Lot 3 Kingfisher Bay Eastern Forest 2

PARADISE PAYS ITS WAY: A RESORT-LEASED K'GARI INVESTMENT

Some island properties ask you to manage bookings, cleaners and a revolving door of holiday guests. Wilderness Lodge 3 offers a distinctly different proposition, with an established resort lease arrangement and staff already occupying the property. Positioned within Kingfisher Bay Resort Village on World Heritage-listed K'gari, the property is leased to KBRV Resort Operations Pty Ltd for accommodation use. It gives an investor the opportunity to own an island property while the tenant manages its day-to-day operation. The supplied lease records an initial five-year term commencing on 1 May 2023, together with a further five-year option subject to the lease conditions. Rent is payable monthly in advance and reviewed on 1 July each year using the Brisbane All Groups CPI, with the reviewed rent unable to fall below the previous amount. Just as importantly, the lease places responsibility for its defined outgoings on the tenant. These include utilities, applicable insurance premiums, council rates and charges, water and sewerage charges, plus body corporate administration and sinking fund contributions. The lease also extensively addresses maintenance, cleaning, repairs, and reinstatement obligations. The practical dormitory-style layout provides five separately configured sleeping rooms, supported by two bathroom zones containing a combined four showers, four toilets and four basins. A communal living and dining area, dedicated food-preparation zone and private covered deck complete the accommodation. The lease inventory includes beds and mattresses, wardrobes, ceiling fans, drapes, dining furniture, a fridge, a kettle, and a four-burner gas cooktop. Ceiling fans are in each sleeping room and the common area, while split-system air conditioning is within at least one room. Occupying an approximately 459m² allotment with approximately 101m² of building area, this is an income-focused property with a structure rarely found in the conventional residential market. KEY FEATURES • Existing accommodation lease with KBRV Resort Operations Pty Ltd • Initial five-year lease term commencing 1 May 2023 • One further five-year option, subject to the lease conditions • Rent payable monthly in advance • Annual Brisbane All Groups CPI rent reviews on 1 July • Reviewed rent cannot fall below the previous rental amount • Tenant responsible for the outgoings defined within the lease • Defined outgoings include utilities, applicable insurance, council charges, water, sewerage and body corporate contributions • Tenant responsible for extensive maintenance, cleaning, repair and reinstatement obligations under the lease • Lease includes a one-off refurbishment provision exercisable by the lessor after the fourth year, subject to its terms • Property sold subject to the existing lease arrangement • Five separately configured sleeping rooms • Four rooms inventoried with two bunk beds each • One room inventoried with a double bed and single bed • Two dormitory-style bathroom zones • Four showers, four toilets and four basins in total • Communal living and dining area • Dedicated food-preparation zone • Four-burner gas cooktop, fridge and kettle included in the lease inventory • Ten wardrobes, with two listed in each sleeping room • Ceiling fans listed in all sleeping rooms and the common area • Split-system air conditioning visible in at least one sleeping room • Private covered deck • Furniture, fittings and equipment detailed within the lease inventory • Approximately 101m² of building area • Approximately 459m² allotment • Located within Kingfisher Bay Resort Village on K'gari • Reduced owner involvement compared with self-managed short-term accommodation PROXIMITY Access to mainland destinations requires travel to the Kingfisher Bay ferry terminal, followed by an approximately 50-minute ferry crossing to River Heads. Ferry schedules, recommended check-in time, island transfers and waiting periods must be added to the mainland driving times below. The mainland road distances are measured from the SeaLink K'gari Ticket Office at 54 Ariadne Street, River Heads. • Closest beach, Kingfisher Bay foreshore: Exact distance and travel time from the property not independently verified • Hervey Bay Hospital: Approximately 23.6km and around 23 minutes by road from River Heads • St Stephen's Hospital: Approximately 23.8km and around 23 minutes by road from River Heads • Stockland Hervey Bay: Approximately 23.7km and around 24 minutes by road from River Heads • Urangan Pier: Approximately 18.5km and around 20 minutes by road from River Heads • Hervey Bay Airport: Approximately 13.1km and around 13 minutes by road from River Heads • Bundaberg CBD: Approximately 131km and around 1 hour 36 minutes by road from River Heads • Brisbane CBD: Approximately 298km and around 3 hours 26 minutes by road from River Heads FAQ'S • Bedrooms: 5 separately configured sleeping rooms • Bathrooms: 2 dormitory-style bathroom zones containing 4 showers and 4 basins in total • Toilets: 4 • Building Size: Approximately 101m² building area • Land Size: Approximately 459m² SUBURB HIGHLIGHTS World Heritage-listed K'gari is the world's largest sand island, internationally recognised for its remarkable dune systems, freshwater lakes, rainforest growing on sand and immense natural beauty. Kingfisher Bay Resort Village occupies the island's western side and provides ferry access, accommodation, dining and nature-based visitor experiences. K'gari property transactions are limited and include a highly diverse mixture of houses, villas, resort accommodation and specialised properties such as this one. A reliable five-year median house price growth percentage is therefore not currently available. This property should be assessed on its individual lease, current rent, outgoings, title, body corporate arrangements and overall investment fundamentals. ENQUIRE ONLINE TO HAVE THE PROPERTY DISCLOSURES AND OPEN HOME TIMES EMAILED TO YOU WITHIN 5 MINUTES