JLL is pleased to present Spinnaker Sound Marina for sale by expression of interest. Located at Sandstone Point, about one hour by car north of Brisbane, the marina is gateway to the boating playgrounds of Moreton Bay, Bribie Island and the Pumicestone Passage.
UNIQUE OPPORTUNITY
Spinnaker Sound Marina presents a rare opportunity to acquire a significant waterfront landholding and established marine business within close proximity to Brisbane and the Sunshine Coast.
PREMIER BOATING LOCATION
Spinnaker Sound Marina is the gateway to Moreton Bay and offers all-weather boating within the protected Pumicestone Passage, with no sand bar crossings.
INDUSTRY GROWTH
Queensland boat registration has increased from 7361 (2022) new registrations to 7571 (2023) grown on average by 2.5% (Source: BIA Data). While demand for berthing and maintenance facilities continues to grow, new marina developments face huge environmental, regulatory and fiscal barriers to entry or are in suboptimal locations.
INCOME SECURITY
Spinnaker Sound Marina benefits from over 250 customers, low customer turnover, diverse income streams and occupancy above 95%. The marina generates stable EBITDA of about $1,000,000- per year and with a current waitlist of over 100 boats, provides opportunity for immediate berthing income growth.
EXPERIENCED MANAGEMENT
Spinnaker Sound Marina presents as a fully managed opportunity with average staff service of over 7 years. New owners are able to take an active management role or enjoy a passive investment.
DEVELOPMENT POTENTIAL
Spinnaker Sound Marina offers 2,349sqm of development land zoned General Residential with a range of permissible uses STCA. Further opportunity exists to redevelop the dry-storage facility.
SECURE TENURE
Spinnaker Sound Marina comprises freehold waterfront land and a marine lease with over 25 years term remaining.
Spinnaker Sound Marina is being offered for sale by way of an Expressions of Interest Campaign closing Thursday 7th March at 4pm (AEST).
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