1 Arnot Street, Bonnie Doon, Victoria
Price Reduction - Opportunity awaits in this wonderfully presented Lakeside Holiday Park
$1,400,000
Business Description
Sitting on the banks of Victoria's second largest lake, Lake Eildon, is this well presented Annuals/Tourist Park. Opportunity awaits would be buyers with the opportunity to continue to build on the amazing 28 year legacy the current owners have built. 130 Annuals with room to grow should give buyers great confidence due to the fixed income this delivers, as well as the opportunity to grow the tourist side of the business with the potential to install new cabins, glamping tents or powered van sites. The park has many features to attract holiday makers, some of these include:
• Jumping Pillow
• Inground Solar Heated Pool
• Great Victorian Rail Trail runs through the front of the Park
• Centrally located close to heart of town, walking distance to township
• Local attractions such as water and snow skiing, fishing, bush walking and everything else in between
There are works penned in for the Park going forward which will continue to lift the standard of the Park and in turn build on the already strong income base the Park already has. The Vendors have also recently negotiated a new lease for the Park, with over 29 years still remaining on the current lease. The Park also boasts 2 residences overlooking Lake Eildon. This gives buyers the options to purchase with partners/family, run under management with the spare residence for relief/assistant managers or just add it to the Park accommodation and add to the already strong income of the Park. As you can see there are a number of options to continue to improve and grow on the solid base already in place here.
This Park has been loved and cared for over the past 28 years, and the Vendors have made the difficult decision that it is time for new owners to move in and make their mark. This Park has been set up with an extremely solid base of annual fixed income and now it is over to new owners to see this Park reach its full potential.
Business Summary
Key Investment Insights
Key insights for this business for sale listing include:
1. Prime Location: The Lakeside Holiday Park is situated on the banks of Victoria's second largest lake, Lake Eildon, making it an attractive destination for holiday makers.
2. Established Business: The park has been in operation for 28 years and has a strong reputation and loyal customer base. This provides a solid foundation for new owners to build upon.
3. Multiple Income Streams: The park has 130 annuals, providing a fixed income, and also has potential for growth in the tourist side of the business with the addition of new cabins, glamping tents or powered van sites.
4. Attractive Features: The park offers a range of amenities and activities such as a jumping pillow, solar heated pool, and access to the Great Victorian Rail Trail, making it an appealing destination for holiday makers.
5. Growth Opportunities: There are plans in place to further improve the park and increase its income potential. This includes potential for expanding the tourist side of the business and adding new facilities.
6. Long-Term Lease: The park has a newly negotiated lease with over 29 years remaining, providing security for new owners and potential for long-term growth.
7. Multiple Residences: The park has two residences overlooking Lake Eildon, providing options for new owners to live on-site, run the park under management, or add the residences to the park's accommodation options.
8. Well-Maintained: The current owners have taken great care in maintaining and improving the park over the past 28 years, creating a strong foundation for new owners to build upon.
9. Opportunity for Growth: With the current owners ready to retire, there is an opportunity for new owners to come in and make their mark on the park, taking it to its full potential.
10. Diverse Range of Activities: The park is centrally located and offers a range of activities for holiday makers, including water and snow skiing, fishing, and bushwalking,
