|X Base Backpackers is one of the larger backpackers located on Nelly Bay on Magnetic Island. Just off the coast of Townsville, “Maggie” is justifiably famous for its great beaches, easy culture and “fun in the sun”.
Magnetic Island is a short ferry ride from Townsville CBO. With pristine beaches and lots to do, it has been a staple of travelers and tourists for decades.
Located right on the beach and near the famous “underwater walk”, Base X has been a favorite of backpackers from around the world for many years. Run by a national tenant, Base X provides travelers with budget accommodation and great activities. Other Base X locations provide great
operating synergies and marketing pull for the operator.
TARHF purchased the freehold (passive) interest in this property in August 2019. With a high yield, above CPI rent increases in the initial years and national tenant, the property will continue to make excellent contributions to the overall TARHF returns.