Lakes Entrance, Victoria
A SERIOUS SELF FUNDING LAND OPPORTUNITY - 1001CPF
FREEHOLD $6,900,000
Business Description
FREEHOLD PARK
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.
Adjusted Net Profit: $563,533 for 2022/23 (as provided by vendor)
Contact 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. Freehold title, 1001CPF, providing clear land ownership and redevelopment control.
2. Large site size, 1.78 hectares, offering significant room for expansion and higher‑density development.
3. Market position as the largest cabin/caravan park in Lakes Entrance, offering operational scale and local market dominance.
4. Proven earnings, adjusted net profit $563,533 for 2022/23 as provided by the vendor, indicating strong current cashflow.
5. Income-producing asset that can self‑fund future development, combining operational revenue with land value uplift.
6. Multiple identified redevelopment pathways, including a Manufactured Home Estate, low‑cost retirement housing, or elite housing development.
7. Opportunity to assemble a larger development precinct, with adjacent properties also listed for sale.
8. Strategic coastal location on the Melbourne–Sydney road corridor, capturing passing international travellers, families and retirees.
9. Appeal to retirement and tourism markets, supporting both long‑stay residents and short‑stay guests.
10. Positioned as a “land bank” opportunity, enabling a staged transition from operating park to higher‑value residential developments.
