835 Weir Road, Torrumbarry, Victoria
25 acre Tourist Park overlooking the Majestic Murray River
SOLD
Business Description
This wonderfully presented, 25 acre Murray River Leasehold Park presents buyers with everything they should be looking for in a Holiday Park. The Park sits right on the banks of the Murray River overlooking the spectacular Torrumbarry Weir and is flanked by the beautiful Gunbower National Park.
115 Annual site holders ensures all year round, guaranteed income along with other income streams within the Park. The Park has 8 tourist cabins and a 2 bedroom house to let, and with only 3 cabins presently occupying river frontage, there is no doubt this aspect of the Park could be grown.
The current owners are in their 23rd year of owning this Park, and have done a wonderful job of expanding and developing this Park to what you see today. Capital projects have continued to be completed, including the recent completion of the camp kitchen as well as a refurbishment to the top amenities block which is due to be completed soon.
This Park is simply stunning, and sits at the very top of Parks that are currently on the market. To have the opportunity to grow with the comfort of the annuals site holders fixed income makes this a Park that would suit owner/operators through to investors.
Business Summary
Key Investment Insights
Key insights for this business for sale listing include:
1. Prime location: The 25 acre Murray River Leasehold Park is situated on the banks of the Murray River, offering stunning views of the Torrumbarry Weir and surrounded by the Gunbower National Park. This prime location is a major draw for tourists and ensures a steady flow of visitors throughout the year.
2. Guaranteed income: The park has 115 annual site holders, providing a steady stream of income throughout the year. This fixed income from site holders provides stability and security for the business.
3. Potential for growth: With only 3 cabins currently occupying river frontage, there is a clear opportunity for growth and expansion of this aspect of the park. This presents a potential for increased revenue and profitability for the new owner.
4. Experienced owners: The current owners have been running the park for 23 years and have successfully expanded and developed it into its current state. Their experience and knowledge of the business will be valuable for the new owner.
5. Recent capital projects: The park has recently completed a camp kitchen and is in the process of refurbishing the top amenities block. These capital projects demonstrate the commitment of the owners to continuously improve and upgrade the park, ensuring it remains a top destination for tourists.
6. Attractive to different buyers: The park is suitable for both owner/operators and investors, making it a versatile and attractive opportunity for a wide range of buyers.
7. Highly desirable: The park is described as "simply stunning" and is considered to be one of the top parks currently on the market. This makes it a highly desirable business for sale.
8. Potential for long-term growth: The park's location and steady income from site holders make it a stable and potentially lucrative long-term investment for the new owner.
9. Diverse income streams: In addition to the income from site holders, the park also has 8 tourist cabins and a 2 bedroom house for rent, providing additional income streams
