12 Park Terrace, Millicent, South Australia
Millicent Lakeside Caravan Park & Takeaway
FHGC $1,500,000
Business Description
Millicent Lakeside Caravan Park & Takeaway is situated on a spacious 7.5-acre property. The park offers a tranquil lakeside setting, a major drawcard for the busy Summer season.
The property features a manager's residence with three bedrooms and one bathroom, and a modern reception area.
Positioned within easy reach of the town centre, the park caters to a diverse range of guests and accommodation preferences, comprised of:
49 powered sites (2 with ensuites)
20+ unpowered sites
4 annual sites (currently)
1 two bed apartment
10 cabins
The busy takeaway shop adds a significant revenue stream and provides convenience for guests, visitors and locals.
The property also offers generous vacant and cleared land, presenting an opportunity for accommodation expansion to further capitalize on the growing demand for caravan park stays in the region.
Millicent Lakeside Caravan Park & Takeaway presents a solid investment opportunity with strong financial performance, a range of accommodation options, and potential for further growth in a picturesque lakeside setting.
Business Summary
Other Features / Notes
A:FREEHOLD GOING CONCERN, B:CARAVAN PARK, C:SA - SouthKey Investment Insights
1. Tranquil lakeside setting is a major drawcard for busy Summer season
2. Spacious 7.5-acre property with potential for expansion
3. Manager's residence with three bedrooms and one bathroom
4. Modern reception area
5. Diverse range of guests and accommodation options
6. 49 powered sites, 20+ unpowered sites, 4 annual sites, 1 two bed apartment, and 10 cabins
7. Busy takeaway shop adds significant revenue stream
8. Convenient location within easy reach of town centre
9. Potential for further growth in the growing demand for caravan park stays in the region
10. Solid investment opportunity with strong financial performance
11. Freehold going concern
12. Located in picturesque lakeside setting.
