Budgewoi, New South Wales
124CPF - RECESSION PROOF COASTAL FREEHOLD RESIDENTIAL VILLAGE
SOLD
Business Description
- Close to Newcastle and only 1.5 hours North of Sydney.
- Meticulously maintained primarily residential village.
- Surrounded by vacant land creating a quiet content lifestyle for all.
- All sites individually metered for electricity.
- Managed by Sydney owner for the past 18 years with the help of an onsite caretaker, only two owners during the past 36 years highlight this secure investment.
- The property has a permit for 43 sites - 38 sites fully occupied.
- 3 holiday cabins and 2 powered sites of 70% occupancy.
- Sale includes 28 park owned rented cabins, only 13 privately owned dwellings.
- Expected Financial year 2019-20 income $500K.
- The nature of the park limits the outgoing expense to a genuine minimum circa 20%.
- Circa 10% return on your money plus majority inventory ownership.
- A short drive to major shopping centres and relevant amenities.
- A very secure income making this property worth a double take.
This limited NSW Central Coast village park is to be visited to be fully understood. You will discover commercial benefit within. If like the current owner, you have a focus as a passive investor, this opportunity should be explored.
Surrounded by land held by alternate owners provides possible future expansion pending your dynamic. The space creates a superb quiet environment to reside and operate for you or caretakers should you choose. Thus, securing an all but fully occupied investment year-round.
Once provided the tour of the property I am convinced this asset will soon sell.
Net Profit: $400,000 expected for 2019/20
Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.
Property ID: 124CPF (quote when enquiring)
Property Code: 3017
Business Summary
Key Investment Insights
1. Well-maintained and primarily residential village.
2. Surrounded by vacant land, creating a peaceful and content lifestyle.
3. All sites individually metered for electricity.
4. Managed by the same owner for 18 years, with only two owners in the past 36 years.
5. Property has a permit for 43 sites, with 38 fully occupied.
6. Additional income from 3 holiday cabins and 2 powered sites.
7. Sale includes 28 park-owned rented cabins.
8. Expected income of $500,000 for the 2019-2020 financial year.
9. Low outgoing expenses, estimated at 20%.
10. Potential for a 10% return on investment.
11. Close proximity to major shopping centres and amenities.
12. Secure and consistent income.
13. Potential for future expansion.
14. Quiet and peaceful environment for residents and caretakers.
15. Limited availability in the NSW Central Coast area.
16. Net profit of $400,000 expected for 2019-2020.
17. Potential for a quick sale.
18. Property ID: 124CPF.
19. Contact James Carrick from Tourism Brokers for more information or to arrange an inspection.
20. Property Code: 3017.
