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 located in Lakes Entrance, a popular tourist destination on the coastal road between Melbourne and Sydney. This makes it an ideal stopover for international travelers, families, and retirees.
2. Land size and potential: The business is situated on 1.78 hectares of land, providing ample space for expansion and development. This presents a great opportunity for a variety of potential uses, such as an MHE, low-cost housing for retirees, or an elite housing development.
3. Established and profitable business: The park is currently in operation and offers a viable business opportunity with a net profit of $563,533 for 2022/23, as provided by the vendor.
4. "Land bank" opportunity: In addition to the existing business, the property also offers the potential for larger development opportunities in the future. This makes it an attractive investment for those looking to secure a valuable piece of land for future use.
5. Adjacent properties for sale: The business is surrounded by other properties that are also for sale, providing even greater development potential for interested buyers.
6. Experienced brokers: The sale of the business is being handled by experienced brokers from Tourism Brokers, who can provide further information and arrange inspections for interested buyers.
7. Diversified market: The business caters to a diverse market, including international travelers, families, and retirees. This helps to mitigate any potential risks and ensures a steady stream of customers.
8. Strong tourist destination: Lakes Entrance is known as Victoria's Riviera and is a popular tourist destination, attracting a large number of visitors each year. This provides a stable customer base for the business.
9. Self-funding opportunity: The business is described as a "serious self-funding land opportunity," meaning that it has the potential to generate enough income to cover the costs of any future development on the property.
10. Potential for growth: With the right vision and investment, there is significant potential for the business to grow
