MAROOCHY RIVER RESORT & TWO DA APPROVED DEVELOPMENT SITES

MAROOCHY RIVER RESORT & TWO DA APPROVED DEVELOPMENT SITES
Unique property in Australia's fast growing and exclusive Sunshine Coast
Purchase Price AUD$40,000,000 (US$30,180,000) - AUD$8.0 M Contracoin (20%)

The Opportunity

To buy one of the last of its kind on the Sunshine Coast where the completed value could exceed AUD$200 million (US$140 million).

1. The existing Maroochy River Resort – valued at $18 million

A going concern tourist accommodation resort on David Low Way, Diddillibah Sunshine Coast, Queensland. Located on the banks of the Maroochy River Lake amongst eight acres of tropical gardens. This facility currently consisting of 25 self-contained bungalows and 50 rooms. Often used by schools for off-site “camps” and corporate events.
There is an opportunity to develop this site into low-rise 300 room tourist accommodation resort development and integrate with the other two adjacent sites.
Strong Occupancy. Present Net Income AUD$1.0 million+

2. Two Development Opportunities: (Development Approval “DA” MCU12.0160.01 (MCU12/0160)) Covering some 320,678 sqm, the DA is to build two Resorts

2.1 Land Leased Retirement Community (LCC) – Potential Value A$144 million (US$100 million)

A high-end long-term retirement community under the Land Leased Retirement Community (LCC) model to be built on a man-made lake. Under an LLC model the houses are sold (in this region for $1 million+) but the land is retained and leased. The Resort comes with high end facilities (Club House and Pools etc). The Sunshine Coast is the premier location for this type of retirement living. The DA provides for 143 Homes to be built.

2.2 Tourist Resort - Potential Value $60 million

A tourist accommodation facility which could accommodate 500+ people. Over 143 Sites 100 two-bedroom bungalows and other accommodation and facilities such as café and pool – Potential Value $60 million

Priced at AUD$40 M - AUD$32M + AUD$8.0M Contracoin Tokens