06 Sep 2022
Words Liz Jordan Australian Property Journal

Port Macquarie Mantra Changes Hands

Mantra Quayside boasts both waterfront and CBD views and has 42 units, all of which are in the letting pool as it is zoned as short-term.

ResortBrokers managed the deal.

Northern New South Wales broker Greg James said he Mantra Quayside provided a compelling investment opportunity on many levels and attracted strong interest from a range of industry players,” he says.

“On its own, the asset presented as a rare and lucrative investment. Add in its location at Port Macquarie, which is hugely popular with the drive tourism market, along with the city’s robust and diverse economy, then you have all the ingredients for a ‘no brainer’ business decision.”

ResortBrokers managing director Trudy Crooks said the result was in line with other sales of record per-key rates that haven’t been seen outside the Sydney CBD.

“It’s a continuation of the trend towards coastal properties which are starting to attract serious investment,” she said.