A Queensland family has bought the luxury Maleny Lodge in Maleny, Sunshine Coast from owners Pink Developments for $3.7 million deal, as accommodation assets grow in popularity in the regional Queensland market.
The 58 Maple Street property offered 2458 sqm in the quaint Sunshine Coast town of Maleny, about 91 kilometres north of Brisbane’s central business district.
The heritage-listed building consisted of 8 bedrooms, 8 bathrooms, a formal dining room, summer house, swimming pool, and expansive grounds with remnant rainforest and a spring fed stream.
The adults-only retreat blurred the lines between boutique hotel and holiday home.
The hotel opened in June 2022 after a comprehensive restoration which retained its original 1905 charm and sophistication of a by-gone area, whilst incorporating modern interior designs and a beautifully curated collection of vintage furniture and trinkets.
The deal was brokered by Hayley Manvell, associate director at CBRE Hotels.
She said the Sunshine Coast should remain an attractive investment destination due to lower acquisition costs and capital growth prospects compared to the southern states.
“The sale is further evidence of the incredibly strong buyer interest in Sunshine Coast accommodation assets, with limited freehold investments available, as well as the demand for boutique accommodation offerings,” Manvell said.
The deal comes after a number of other key Sunshine Coast transactions brokered also by CBRE.
These include the sale of Moffat Beach Motel and the sale of ‘Insta-famous’ Loea Boutique Hotel, which set a record deal for a regional motel sale outside of Byron Bay.
The deals provide further evidence of the capital shift from Melbourne and Sydney to Queensland.
Over the past 15 years, the Sunshine Coast has outgrown most of the country’s regional economies as it becomes one of the country’s most searched holiday destinations, according to the Hotel Conversation.