Paynesville, Victoria

Huge 9.5 acre Caravan Cabin park.

$7,700,000

Business Description

Allawah Caravan Park is HUGE, and in a highly popular coastal town that presents a rare opportunity to secure a waterfront, lifestyle business.
There is genuine room to expand and redevelop to take advantage of the Baby Boomers downsizing, and the bigger challenge with affordable, safe living.
Spanning nearly 9.5 acres of Residential 1 zoned land in a sought-after regional setting, the freehold operation already delivers strong, recurring income.
With 144 sites currently active, plus 20 boat storage spots, the park serves 79 annual occupants, 7 permanent residents, and 14 lifestyle permanents.
Registration exists for 183 caravan park sites, leaving clear capacity to grow the lifestyle-permanent side of the business and lift returns.
Two residences sit on site, including a modern four-bedroom waterfront home that can serve as owner accommodation, manager housing, or an additional rental stream.
The mix of scale, established cash flow, and waterfront appeal makes this a genuine opportunity to own both land and operating income in a sector where suitable freeholds rarely come to market.

• This is HUGE, with 9.47 acres of Residential 1 zoned land offered as well as a successful "going concern business" ripe for redevelopment.
• There is a huge, modern 4-bedroom home on the waterfront with amazing views - plus a 2nd Managers house on the property.
• Approved by the local council for 183 mixed-use sites (tourism and permanent)
• 144 sites, plus 20 boat storage sites in active use, all of which can be redeveloped.
• Reliable income from 79 annuals, 7 permanents, and 14 lifestyle permanents
• Significant opportunity to grow the lifestyle-permanent tenant base.

Vendors terms available to a financially strong and experienced purchaser.
14 Lifestyle cabins of high quality were built for approx $160,000 - and each sold for approx $350,000 in todays market.
Do your own math on the potential moving forward, with over 100 sites that can be developed !! $$
For further details or to request a confidential information memorandum, please get in touch.
All potential purchasers must do their own due diligence before making any offers.
Call Michael on ---------- to discuss further.

Business Summary