Cardwell, Queensland
Far North Queensland Coastal Tropical Caravan Tourist Park - 896CPF
FREEHOLD $2.8M
Business Description
- Situated just 150 metres from the beautiful Cardwell beachfront.
- With views to the heritage listed Hinchinbrook Island, and an easy walk to all of Cardwell's facilities, this property offers all guests the facilities expected of a property of this calibre.
- From high 4 star family villas, ensuite cabins, fisherman's cabins and spacious and shady caravan sites and campsites, there is also backpacker facilities including a 16-bed hostel and 28 budget rooms.
- It has recently had 4 new cabins added, and additional septic system to handle 10 more cabins.
- The park is complimented with a sparkling inground swimming pool, camp kitchen and three barbeque areas.
- Owners are treated with two residences that have both been renovated and refurbished to the highest standards.
- With Annual Adjusted Net Income in excess of $467,000 for 2023/24, it represents a Return on Freehold Investment of 16%.
Net Profit: $520,000 projected for 2024/25
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 896CPF (quote when enquiring)
Property Code: 5038
Business Summary
Key Investment Insights
1. Prime location: The tourist park is situated just 150 metres from the beautiful Cardwell beachfront, offering stunning views of the heritage listed Hinchinbrook Island.
2. Diverse range of accommodations: The park offers a diverse range of accommodations including high 4-star family villas, ensuite cabins, fisherman's cabins, spacious and shady caravan sites, campsites, backpacker facilities, and budget rooms.
3. Recent improvements: The park has recently added 4 new cabins and an additional septic system to accommodate 10 more cabins, making it a more attractive and profitable investment.
4. Excellent facilities: The park boasts a range of excellent facilities including a sparkling inground swimming pool, camp kitchen, and three barbeque areas, ensuring a comfortable and enjoyable stay for all guests.
5. Two renovated residences: The owners are treated with two residences that have been renovated and refurbished to the highest standards, providing a comfortable living space and potential for additional income.
6. High projected net income: The park has a projected net income of $520,000 for 2024/25, representing a return on freehold investment of 16%.
7. Strong demand in the area: The Far North Queensland coastal region is a popular tourist destination, with a high demand for quality accommodation, making this park a lucrative investment opportunity.
8. Established business: The park has been in operation for a number of years and has a strong reputation, providing a stable and reliable source of income for potential buyers.
9. Potential for growth: With the addition of new cabins and potential for further development, there is potential for growth and increased profitability in the future.
10. Experienced broker: The sale of this business is being handled by Antonio Curulli from Tourism Brokers, a reputable and experienced broker in the tourism and hospitality industry.
