Cardwell, Queensland
896CPF - FAR NORTH QUEENSLAND COASTAL TROPICAL CARAVAN TOURIST PARK
SOLD
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 camp sites, there is also backpacker facilities including a 28-bed hostel and non-ensuite double room accommodation.
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.
There have been major improvements and renovations to the park since cyclone Yasi in February 2011, with over $1 million dollars spent.
With Annual Adjusted Net Income in excess of $317,000, it represents a Return on Freehold Investment of 13.5%.
This park represents excellent value, Leasehold is also available.
Net Profit: $317,333 - 3 year average
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 896CPF (quote when enquiring)
Property Code: 3559
Business Summary
Key Investment Insights
1. Prime location: The caravan park is situated just 150 metres from the beautiful Cardwell beachfront, offering stunning views of the heritage listed Hinchinbrook Island. It is also within walking distance to all of Cardwell's facilities.
2. Wide range of accommodation options: The park offers a variety of accommodation options including high 4-star family villas, ensuite cabins, fisherman's cabins, spacious caravan sites, camp sites, backpacker facilities, and hostel accommodation. This caters to a diverse range of guests and increases potential revenue streams.
3. Excellent facilities: The park boasts a sparkling inground swimming pool, camp kitchen, and three barbeque areas, providing guests with a comfortable and enjoyable stay.
4. Two renovated residences: The property includes two renovated and refurbished residences for the owners, offering a comfortable and modern living space.
5. Recent improvements and renovations: Following the damage caused by cyclone Yasi in 2011, the park has undergone major improvements and renovations, with over $1 million dollars invested. This ensures the property is well-maintained and attractive to guests.
6. Strong financial performance: The park has an Annual Adjusted Net Income in excess of $317,000, representing a Return on Freehold Investment of 13.5%. This demonstrates a strong and profitable business.
7. Excellent value: The park is listed at a reasonable price, making it an attractive investment opportunity. Leasehold options are also available.
8. Experienced broker: The sale is managed by Antonio Curulli from Tourism Brokers, a reputable and experienced broker in the tourism industry.
9. Property ID: The property has a unique Property ID (896CPF) which can be quoted when enquiring about the business.
10. Property code: The property has a designated property code (3559) which can be used for reference when discussing the business with the broker.
