1024CPF - ABSOLUTE FAR NORTH QUEENSLAND BEACHFRONT CARAVAN FREEHOLD
This beautifully presented park is located in a tropical paradise, with direct beach frontage offering spectacular views over golden beaches and turquoise waters.
With Net Profits forecast in 2021 of $648,000, this Park is well and truly in a class of its own.
Located mid-way between Townsville and Cairns in the heart of the ‘Great Green Way’, this Park is the perfect base for tourists looking to explore the natural wonders that abound in the local area.
This presents as a 4 star property offering a total of 142 sites including 80 Caravan sites, 28 Beachfront motel rooms (12 executive and 16 standard), 12 Park View motel rooms (5 budget and 7 standard), 4 self-contained Ocean View villas (3 bedroom), 2 self-contained Poolside cabins, 7 self-contained Park cabins, 2 self-contained studio cabins, 6 Ocean View studio rooms (pet friendly) and 1 three-bedroom cottage/house (currently rented by the restaurant lessees).
In the past 8 years, the park has undergone extensive improvements estimated to be in excess of $3M. The reconfiguration of sites and relocation of cabins has improved the park layout. Significant recent capital works have included the reintegration and utilisation of the rear of the property.
The current owner has completed a number of cost saving projects and has additional projects planned to further reduce overhead expenses.
With international travel now either unavailable or unattractive for many Australians due to Covid-19 domestic drive tourism is expected to be a popular holidaying choice the next couple of years at least. Tropical North Queensland will continue to increase in popularity as a tourist destination.
When combined with recent capital works and the potential to add further sites, the possibilities for growth are endless for an astute purchaser.
Net Profit: $580,000 for 2020, and expected to reach $648,000 in 2021
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1024CPF (quote when enquiring)
Property Code: 3565