There are 130km of tranquil waterways beside the charming town of Bulahdelah on the Pacific Highway north of Newcastle.
Boating and fishing draw tourists all year round to the nearby Myall Lakes, the largest natural freshwater lake system in NSW, and there are more than 40 beautiful beaches and rolling dunes in the Myall Lakes National Park.
Overlooking the town is Bulahdelah Mountain which provides spectacular views to the coastline. On the walk to the heights are remnants of the alunite mining operations which once dominated the area.
Bulahdelah has been a popular tourist centre almost from the time that explorer John Oxley surveyed the region for NSW Governor Lachlan Macquarie more than 200 years ago.
Now, a private investment syndicate is selling one of the area’s top accommodation businesses, the superb Bulahdelah Residential Village and Tourist Park.
James Carrick and Andrew Jackson from specialist brokerage firm HTL Property are steering the sales campaign.
The mixed-use holiday park operates 73 sites across its 2.41 hectare freehold property.
It also features a swimming pool, amenities block, BBQ area, reception and office, and an excellent manager’s residence. Bulahdelah Residential Village and Tourist Park has been operated under management throughout the entire period of its ownership.
Mr Jackson said the sales campaign was expected to attract broad ranging enquiries.
“We expect the entry-level price point of this asset to generate significant interest especially from owner operators,” he said. “At around $2 million, this is a great opportunity for people to enter the tightly held park sector and effectively buy themself both an income and a lifestyle change.
“The park sector has been highly sought-after for many years and there has been a lot of consolidation by the corporate players over that time. However, we believe this particular asset will hold appeal to other buyer groups such as traditional moteliers and couples or families seeking a ‘sea or tree’ lifestyle change. Accommodation assets have remained incredibly popular amongst investors and owner operators even throughout the challenging trading periods recently.
“The broad market demand for these types of assets, especially in desirable locations with strong demand drivers, is simply outweighing the available supply.”
Mr Jackson said Bulahdelah’s location on the lower Mid-North Coast of NSW positioned it perfectly in both a top tourist destination and popular retiree lifestyle location.
The town is less than a 90-minute drive to the regional city of Newcastle and the renowned Hunter Valley; and also conveniently located within 2.5 hours to Sydney.
Mr Carrick said the Bulahdelah Residential Village and Tourist Park was a well-established and well-run property that offered a range of value-add opportunities through refurbishments and the potential development of additional cabin inventory (STCA), both of which would improve park appeal and drive revenue growth.
“There are many local people who would like the idea of being their own boss and owning a substantial landholding with strong potential,” Mr Carrick said.
Bulahdelah Residential Village and Tourist Park is being offered for sale via an Expression of Interest campaign closing at 4pm on Wednesday, 8 March 2023.
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