Located in Shoal Point, Mackay Queensland. The project consists of 8 separate land release stages. On completion the beachfront estate will consist of;
- 299 Residential lots & 80 Townhouses
- 5-star Resort
- Restaurants
- Supermarket
- Picnic areas
- Playgrounds
- Walking Trials
- Bike Riding Track
- Lakes
Marketing & Sales Update
On 8 March 2024, Point Bay Developments Pty Ltd settled a sale of the majority of the project land and repaid the Loan and Interest owing to GCPF.
In the same transaction PBD also paid off the amount owing on the JV investment with GCPF, leaving a balance owing of approximately $8,000,000 which as accruing interest under the JV agreement at 17%.
The developer has kept ownership of Stage 1 & 2A. The marketing team is concentrating on social media advertising to expand the reach through targeted campaigns on platforms like Facebook and Google. There is also an emphasis on strengthening relationships with local real estate partners through frequent communication to ensure consistent and effective results.
The sale of the majority of the land has resulted in a positive impact on all GCPF investors. This success not only reflects the strength of the project but also demonstrates the professionalism and expertise of the development team involved.
The positive impact of the Mackay Project has opens doors to new opportunities for growth and expansion for GCPF.
