Strong Demand for Marina Berths
Marina Berths showing good returns
With the strong demand for marina berth rentals, the Port of Airlie development in
Airlie Beach has found an increased interest in purchase of this asset class from
investors. Port of Airlie introduced rare 90+ year subleases for the berths in 2013
which have appealed to investors and boat owners seeking long term security of
tenure in the region.
“The strongest interest from buyers has been in the larger 20-30 metre sized berths
which can accommodate both mono and multi hull yachts” says Port of Airlie Sales
Consultant, Mr Alan Robinson. The design of the marina berths means that Port of
Airlie can meet the requirements of the new generation of multihull with an individual
berth, specifically suited to that style of yacht.
Mr Robinson says, “we have been going to boat shows and listening to what people
want and tailoring the berths to meet the market. We’ve sold 44 berths in the past 18
months and most of these have been the larger berth size. As soon as we build
them, we sell them as the demand is very strong. Multi berths are attractive to
monohull owners wishing to generate additional rental income by sharing their berth.
Resale values of these berths are only expected to increase due to the ever
increasing number of sailing and power multihull yachts being built and purchased.”
Rates of sub-leasing have increased since the introduction of the 90+ year sub lease
and for the investor there are opportunities to gain strong rental income on all berths
residential, retail and maritime precincts. The berths are three-phase powered, water
serviced and offer secure swipe card access to each marina arm.
Port of Airlie, located in the heart of the Whitsundays, features over 200 berths for
yachts from 10 metres to 50 metre super yachts. The development offers owners an
unrivalled waterfront lifestyle with world class marina facilities including a fuel dock,
exclusive gated waterfront home sites, Boathouse Apartments by Outrigger, fashion
and retail precinct and a maritime and transit terminal and only 500 metres from
Woolworths making provisioning easier than every before. The Port of Airlie
overlooks the Coral Sea and is home to Boathaven beach and a harbour side
boardwalk connecting it to entertainment, shopping and dining in the vibrant tourist
town of Airlie Beach. For more information on marina berth investment contact
Andrew Forster on 07 4948 0643 or visit www.portofairlie.com.au.
4 August 2014
Centrally located on the Queensland coast, Airlie Beach is just over 1000kms north
of Brisbane and offers a sub-tropical climate with the best waterways in Australia.
Positioned within the Great Barrier Reef Marine Park, the 74 Whitsunday islands,
Whitehaven Beach and wonderful coral reef viewing are a short sail away. The area
has become the preferred boating playground for those in the know and has a active
population with a vibrant holiday feel and offers a vast array of scenic water and
aerial tours, fishing, boating, diving and a host of other fun holiday adventures. With
easy access from Hamilton Island or Whitsunday Coast airports, visitors can be out
on the water within a matter of hours from most capital cities in Australia. There are
also private aviation facilities at Whitsunday Airport, just 10 minutes from Port of