Lakes Entrance is the gateway to one of the most captivating areas on the Australian coast.
Billed as the Seafood Capital of Victoria, the town is not only home to many wonderful cafes, restaurants and pubs serving up the bounty of the sea, but as Victoria’s Riviera, it is also a place of outstanding opportunities in the accommodation industry.
The Koonwarra Family Holiday Park is the largest cabin/caravan park in Lakes Entrance, and the potential for further development is enormous.
Lakes Entrance is less than four hours from Melbourne, five hours from Canberra and seven and a half hours from Sydney. It is a charming seaside town that opens into one of Australia’s most spectacular coastal attractions.
Situated on 1.78 hectares of land ready for expansion and development, Koonwarra is right across the road from the foreshore of the Cunninghame Arm end of the Gippsland Lakes and the eastern end of the pristine coastline of Ninety Mile Beach.
The Cunninghame Arm Footbridge takes visitors over the water to the Lakes Entrance Surf Life Saving Club and the ocean beach, just 700 metres away.
According to Annette Adams and Reg Partington from Tourism Brokers, the park offers an extremely viable business, on a ‘land bank’ opportunity for bigger things to come.
There is a long list of opportunities including the potential for a MHE (Manufactured Home Estate), low cost housing for retirees, an elite seaside housing development, and room for vast expansion with adjacent properties for sale.
Koonwarra is on the Princes Highway from Melbourne to Sydney, and the ideal stop-over for international travellers, families and retirees.
The freehold is on offer for $7,950,000, with the property producing a net profit: $563,533 for 2022/23 (as provided by vendor).
Reg Partington described the property as “the brightest star in Lakes Entrance, offering a brilliant business with sizeable land bank for the not too distant future.”
Koonwarra provides guests a wide range of quality accommodation options to suit all needs and budgets.
Koonwarra House is a separate holiday home on the property, and there are luxury and spa villas, two and three-bedroom, two-storey cabins, standard and budget cabins and flats. There are also powered, shady, grassy caravan and camp sites, with or without ensuites, and plenty of room for campers and big rigs.
There is also a cabin available with disabled access.
The grounds include an outdoor swimming pool, a garden and a shared kitchen. Free WiFi is provided. Some units also have kitchens with ovens and microwaves, and there is a great children's playground.
Dolphins, seals and other abundant wildlife are major attractions at Lakes Entrance, with charter cruises taking visitors through the spectacular Gippsland Lakes
Koonwarra has many pristine, isolated, natural beaches nearby and there are many nearby scenic drives to isolated waterways, coastal hinterlands, rainforest treks and mountain views.