A premium Whitsunday investment has been sold to a private investor for $7.3 million through Burgess Rawson’s Craig Chapman.

Located at 33 Port Drive, Airlie Beach the property is in a prime waterfront location overlooking the Port of Airlie Marina.

The asset has a net lettable area of 1,719 square metres with the tenancies include leading national retailers Billabong and Seafolly, supported by established restaurant and tourism services, ensuring a strong tenancy mix.

Mr Chapman said the established tenancy profile provides a weighted average lease expiry (WALE) of 4.23 years, which made it an investor-friendly opportunity providing a mix of fixed and favourable CPI annual reviews.

“Airlie Beach, a major Queensland tourism precinct, serves as the gateway and mainland hub of the famous Whitsunday Islands, attracting over 1 million annual visitors. The Whitsunday Region is a significant growth corridor of North Queensland, with a resident population forecast to grow at an average annual rate of 2.3%,” he said.

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