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. Prime location: The business is situated in Lakes Entrance, Victoria's Riviera, which is a popular tourist destination and a stopover for international travelers, families, and retirees. This makes it an ideal location for a holiday park or housing development.
2. Large land size: The business is situated on 1.78 hectares of land, providing ample space for expansion and development opportunities.
3. Viable business: The park is currently in operation and offers a profitable business opportunity. This provides a steady income while also allowing for future development plans.
4. Potential for expansion: The land offers a range of opportunities for expansion, including the potential for an MHE (Manufactured Home Estate), low-cost housing for retirees, and an elite housing development.
5. Adjacent properties for sale: The business has the potential for even greater development opportunities as there are adjacent properties for sale, allowing for further expansion and development.
6. Self-funding opportunity: The business is a self-funding opportunity, meaning that the profits from the current business can be used to fund future development plans.
7. Net profit: The business has a projected net profit of $563,533 for 2022/23, providing a strong financial incentive for potential buyers.
8. Experienced brokers: The business is listed with experienced brokers, Annette Adams and Reg Partington from Tourism Brokers, who can provide further information and arrange inspections.
9. Property ID: The business has a unique Property ID, making it easy for interested buyers to inquire about the listing.
10. Property code: The business has a designated property code, providing a clear reference for interested buyers.
