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, offering clear market leadership in the local tourism accommodation sector.
2. Operating business with reported net profit of $563,533 for 2022/23, indicating immediate positive cashflow.
3. Freehold land sale priced at $6,900,000, signalling a property-heavy transaction; business value listed as $0.
4. Site area of 1.78 hectares, providing substantial room for site intensification and additional accommodation stock.
5. Described as a self-funding land opportunity, implying existing operations can subsidise or finance future development.
6. Explicit redevelopment potential for a manufactured home estate, low cost retirement housing, or an elite residential development.
7. Opportunity to combine with adjacent properties that are also for sale, enabling larger-scale masterplanned development.
8. Positioned on the coastal road between Melbourne and Sydney, offering high visitor traffic and strong stop-over appeal for interstate and international travellers.
9. Target market includes international travellers, families and retirees, aligning with Lakes Entrance’s regional tourism and retirement demand.
10. Sale marketed through specialist brokers (Tourism Brokers), indicating a tourism-focused sales process and targeted buyer outreach.
