Lakes Entrance, Victoria
A SERIOUS SELF FUNDING LAND OPPORTUNITY - 1001CPF
FREEHOLD $6,900,000
Business Description
Koonwarra is the largest cabin/caravan park in Lakes Entrance – Victoria’s Riviera.
Situated on 1.78 Hectares of land ready for expansion and development.
The park in operation offers an extremely viable business, on a "land bank" opportunity for bigger things to come.
A raft of opportunities:
- A site for an MHE (Manufactured Home Estate).
- Low cost housing for retirees.
- An elite housing development.
- Even greater development opportunities with adjacent properties for sale.
On the coastal road from Melbourne to Sydney, Lakes Entrance is the ideal stop-over for international travellers, families and retirees.
Net Profit: $563,533 for 2022/23 (as provided by vendor)
Contact Annette Adams and Reg Partington from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1001CPF (quote when enquiring)
Property Code: 4748
Business Summary
Key Investment Insights
1. Largest cabin and caravan park in Lakes Entrance, providing local market dominance and brand recognition.
2. Operating business with reported net profit of $563,533 for 2022/23, demonstrating strong cashflow.
3. 1.78 hectares of land available, offering significant room for expansion or redevelopment.
4. Described as a self-funding land opportunity, indicating existing operations can finance future development.
5. Clear redevelopment potential, listed as suitable for a manufactured home estate, low cost retirement housing, or elite housing development.
6. Opportunity to assemble a larger project, with adjacent properties also for sale increasing development scale potential.
7. Positioned on the coastal road between Melbourne and Sydney, capturing consistent through-traffic and stop-over demand.
8. Lakes Entrance marketed as Victoria’s Riviera, enhancing tourism appeal for international travellers, families and retirees.
9. Dual value proposition as both a viable operating park and a land bank for capital growth or rezoning upside.
10. Strategic asset for investors targeting tourism accommodation, retirement housing or residential subdivision in a coastal market.
