94 Twyford Street, Avoca, Queensland
BIG4 Cane Village Holiday Park Bundaberg
SOLD
Business Description
HTL Property is pleased to offer for sale the freehold going concern interest in BIG4 Cane Village Holiday Park Bundaberg, a strong performing caravan park with development potential in a strong regional location.
Key Investment Highlights:
• Mixed-use park in prime location with upside potential
• Offering 106 sites; 23 semi-permanent occupants + 83 tourist sites
• Consistent Y-O-Y income growth from tourist, long-term and permanents
• Pool, camp kitchen, BBQs, amenities, residence and more
• Walking distance to Stocklands, cinemas, clubs, parks and more
• $1.28m Total Income for FYE 2023; CYE 2024 forecast at $1.30m
• Bundaberg is top tourist and popular lifestyle destination
• Within 4hrs drive to Brisbane and 3hrs to Rockhampton
• Substantial 1.80ha site with approval to reconfigure to a 105 site MHE
• Scope to install higher yielding accommodation to boost revenue
• Strong $5.07b economy; 2nd highest QLD economic growth rate
A great opportunity to acquire a strong-performing, well-managed mixed-use caravan park offering further upside across each income category.
BIG4 Cane Village Holiday Park Bundaberg is for sale via an exclusive Expression of Interest Campaign closing at 4pm on Wednesday, 8 May 2024.
Business Summary
Key Investment Insights
1. Prime location: The BIG4 Cane Village Holiday Park Bundaberg is located in a prime location, within walking distance to Stocklands, cinemas, clubs, parks, and more. This makes it an attractive destination for tourists and long-term occupants.
2. Mixed-use park with potential: The park offers a mix of 106 sites, including 23 semi-permanent occupants and 83 tourist sites. This provides a diverse income stream and potential for further development.
3. Consistent income growth: The park has shown consistent year-on-year income growth from tourist, long-term, and permanent occupants. This indicates a strong and stable financial performance.
4. Amenities and facilities: The park offers a range of amenities and facilities, including a pool, camp kitchen, BBQs, and amenities. These facilities enhance the guest experience and contribute to the park's popularity.
5. Forecasted income: The park has a forecasted total income of $1.30m for CYE 2024, indicating a positive outlook for future financial performance.
6. Popular tourist destination: Bundaberg is a top tourist destination and a popular lifestyle destination, making it an attractive location for a holiday park. This provides a steady flow of visitors and potential for growth.
7. Proximity to major cities: The park is within a 4-hour drive to Brisbane and a 3-hour drive to Rockhampton, making it easily accessible for tourists and potential guests.
8. Development potential: The park has a substantial 1.80ha site with approval to reconfigure to a 105 site manufactured home estate. This provides potential for further development and expansion of the park.
9. Higher yielding accommodation: There is scope to install higher yielding accommodation, such as cabins or villas, to increase revenue and profitability.
10. Strong local economy: Bundaberg has a strong economy, with a GDP of $5.07b and the second-highest economic growth rate in Queensland. This provides
