2 Fraser Court

K'Gari QLD 4581

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 459m allotment with approximately 101m 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 101m of building area
Approximately 459m 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 101m building area
Land Size: Approximately 459m

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.

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