2 Burgh Street, Stawell, Victoria
All the hard work is done in this wonderfully presented Leasehold Park
SOLD
Business Description
What an amazing opportunity to purchase a well performing Leasehold Park, located close to all town amenities and in the closest large town to the Grampians National Park. The park has undergone significant infrastructure work in recent times which will only add to the already impressive numbers this business is boasting. The town itself is also about to see a number of infrastructure projects commence including large scale commercial and residential. A mentioned, much has been happening in the Park by the way of capital improvements including the renovation of two of the parks amenities blocks, renovated games room (new addition to the Park), new camp kitchen on the island, a laundry renovation, new shade sails over the playground and new WiFi, security cameras and phone system. Thinking all the hard work is done, you'd be correct.
The park has shown strong, consistent financial growth year on year and navigated COVID lockdowns really well. The park income is somewhat underpinned by Easter, with the Annual running of the Stawell gift, Australia's richest and oldest foot race. Thousands of people come to the town and the race itself is watched by over $1 million people, what incredible exposure for the town. This weekend gives the park a cash boost heading into the cooler months and for winter projects.
There is a great assortment of accommodation options for visitors, with waterfront powered sites and cabins the highlight of these. The park caters to all budgets though with budget cabins and non powered sites through to the waterfront sites and cabins already mentioned. There is still much room to grow the Park, with the park sitting on 4.2 hectares. which is rare to have this size parcel of land so close to town.
A new 21 year lease has also just been awarded to the Park with a more than reasonable rent, assuring would be buyers plenty of time and capital to recoup any major works they undertake, including new cabins.
What a wonderful opportunity to buy a Park that pretty much ticks all the boxes!
Business Summary
Key Investment Insights
1. Well-performing Leasehold Park located near popular tourist destination, the Grampians National Park.
2. Significant infrastructure improvements have been made, adding to the already impressive numbers of the business.
3. Town is undergoing major infrastructure projects, potentially increasing tourism and business opportunities.
4. Strong and consistent financial growth year on year, with successful navigation of COVID lockdowns.
5. Annual Stawell Gift event provides a cash boost to the park and exposure for the town.
6. Variety of accommodation options available, catering to all budgets.
7. Rare 4.2 hectare parcel of land in close proximity to town.
8. New 21 year lease with reasonable rent.
9. Potential for further growth and development, including new cabins.
10. Overall, a great opportunity to purchase a well-established and successful Leasehold Park in a desirable location.
