VIC FAR COUNTRY REGION
EAST GIPPSLAND TOURIST PARK AND TAVERN COMPLEX - FREEHOLD AND BUSINESS
$1,750,000 + SAV
Business Description
ABOUT THE OPPORTUNITY
Set on manicured acreage with sweeping views over high country ranges sits this meticulously maintained freehold tourist park and tavern complex rewarding our vendors with an exceptional income from diverse income streams that include accommodation and camping enhanced by year round hospitality and tavern income .
Offered at $1,750,000.00 Plus SAV this freehold and business complex would ideally suit a hospitality minded family or couple seeking a lifestyle opportunity
whist enjoying the benefits of security of income.
THE REGION
Dargo is located in the East Gippsland high country region within commuting distance of the major regional city of Bairnsdale which provides all essential shopping and medical requirements with V line service to Melbourne. School bus services also operate for Primary and Secondary schooling. The region has a long and proud rural history dating back to the gold rush days and is currently experiencing tourist growth with town support services that include a Bush Nursing facility. Retirees, Workers, Contractors and a strong rural community further support the region.
PARK FEATURES
The accommodation includes 5 beautifully designed and well constructed cabins ranging from 2 - 4 bedrooms alongside 19 Powered Camp Sites + 20 Unpowered Sites across 3+ manicured acres
Facilities include 10 newly installed coin payment shower facilities plus toilets and Coin Operated Laundry facilities
Storage Sheds
The Park attracts tourists, travellers, social groups, government workers, contractors and longer term caravanning holiday makers.
TAVERN FEATURES
This fully Licensed Tavern comprises a Tavern Bar, an outdoor Garden Bar, Lounge and Bistro Bar, with licensed capacity to cater for up to 400 patrons. It also has a full commercial kitchen. Tavern income comes from local patronage and park guests with functions and music events also contributing to the Tavern Income.
Welcoming and inviting infrastructure and atmosphere
RESIDENCE FEATURES
The residence offers three bedrooms, two bathrooms, open plan living, combustion fireplace, landscaped surroundings, multi purpose vehicles shed and Colourbond exterior.
KEY FEATURES
The boutique cabin accommodation attracts a diverse range of guests that include tourists travellers and social groups that include 4 wheel drive and motor bike groups further supported by workers that include government forestry workers, road workers and private contractors.
The camping sites attract travellers and longer term caravanning holiday makers
Tavern Income is derived from loyal locals and park guests with functions and music events all combining to deliver a reliable and constant income stream.
Other Income streaming from gift shop sales and amenities coin payment.
The resultant gross income can be rounded out @ $2m+ per annum
Trading information will be provided to qualified buyers under confidentiality agreement
Unlimited Scope to expand (STCA)
AT A GLANCE
Freehold and Business Ownership
5 cabins and 39 camping sites with unlimited scope to expand (STCA)
Licensed Tavern with capacity for up to 400 patrons.
Three bedroom two bathroom residence
Iconic Setting
Exceptional Condition
High Ebitda
Repeat accommodation patronage
Niche Market complex
Priced Below Replacement Cost
Power Services Connected
Unlimited Water Service
THE OPPOPRTUNITY
This East Gippsland hospitality and tourist asset will suit an experienced hospitality minded family seeking a lifestyle environment with the added benefit of freehold ownership looking for long term financial security with scope for future development
Bank Finance Available to approved buyer.
Enquire now for a confidential Information Memorandum or to arrange an inspection contact Select Business Brokers as detailed.
Business Summary
Key Investment Insights
AI generated. Confirm details with the seller.
1. Freehold and business offered at $1,750,000 plus stock at valuation, with reported gross income exceeding $2 million annually.
2. Diverse income streams include accommodation, camping, tavern trade, functions, music events, gift shop sales and coin operated amenities.
3. Five cabins with two to four bedrooms complement 19 powered and 20 unpowered camping sites across over three manicured acres.
4. Fully licensed tavern accommodates up to 400 patrons, with multiple bars, a bistro and a full commercial kitchen.
5. Repeat accommodation patronage and loyal local tavern customers complement demand from tourists, social groups, government workers and contractors.
6. Meticulously maintained complex includes ten newly installed coin payment showers, toilets, laundry facilities and storage sheds.
7. Onsite residence offers three bedrooms, two bathrooms, open plan living, a combustion fireplace and a multipurpose vehicle shed.
8. Dargo high country setting offers sweeping mountain views, with Bairnsdale providing shopping, medical services and rail connections to Melbourne.
9. Scope to expand accommodation and develop the property further, subject to council approval.
10. Connected power and an unlimited water service support the existing tourist park and tavern infrastructure.
11. The listing states the complex is priced below replacement cost.
