Geraldton, Western Australia

1032CPL - BEACHFRONT LIFESTYLE PACKAGE - HUGE UPSIDE STRONG CASHFLOW

$5,000,000

Property Description

- Rare Coastal Oceanfront Gem currently licensed for a total of 139 sites plus 39 chalets and cabins.

- Ability to add $459,264 per year taking the Net well over $1.38M and additional opportunities for more.

- Holiday Park offers magnificent coastal views and immediate beach-front access.

- Long been recognised as having the most pristine beaches in the country.

- With consistently high tourist traffic this Crown Lease offers a solid tenure (30 years - runs through to November 2051) and offers a very rare and impressive cashflow.

- Long Crown Ground Lease only that is well established and has a long history.

- Sought-after lifestyle location.

This investment, currently run under management, is just waiting for a new lessee / operator or investor. A pleasure to inspect which might just take a day or two in order to soak up this beautiful environment.

Current occupancy levels are running well over 70%+, strongly indicating a need to further investment in accommodation at Sunset. A booming Geraldton economy as in-bound investment into large projects is putting pressure on businesses seeking to house workers.

Area of land (Back Block) that has recently been developed into 64 serviced sites (water, power, paved road) and a further 17 partially developed sites. This is a real opportunity to capitalise on these opportunities in addition to several other safe capital investment opportunities, each with significant paybacks.

Property includes:

- Main reception building with adjoining manager’s residence and camp kitchen

- 9 x 1 bedroom chalets, 5 x 2 bedroom chalets, 12 motel style rooms, 3 park cabins, 126 powered sites, 10 ensuited sites, Camp sites (up to 20 as required)

- 2 camp kitchens

- 2 ablution blocks

- Games room and adjoining laundry

- Several storage sheds, workshop and works yard

- Swimming pool, jumping pillow, children’s play area, viewing tower over ocean

- Ability to add $459,264per year

For full details and an information memorandum, call today. Detailed financials supplied by the owners are available once a confidentiality agreement is in place.

Location: The only city on the Coral Coast, Geraldton has established itself as a contemporary coastal hub of cafes, shops, street art and galleries. Known as the windsurfing capital of Australia for its consistent summer breezes, up there with the top must-see surfing, kite surfing, windsurfing, diving, snorkelling, boating and fishing destinations in Australia. It's also ideally situated for exploring one of the greatest displays of spring wildflowers on Earth, with some intriguing Indigenous, maritime and Spanish missionary history to discover along the way.

Located on the beautiful Batavia Coast, 419 kilometres north of Perth, a road trip to Geraldton will take you just five hours. A coach will get you there in six hours, or you can fly direct from Perth in just an hour. And during the summer months, you also have the option to arrive in style by cruise ship.

Net Profit: $744,116 for 2020/21

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1032CPL (quote when enquiring)

Property Code: 3956

Property Summary

Caravan Park Information

Marketing Agent
Michael Philpott
Michael Philpott

Listing location
Gallery

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