35 Airfield Road, Traralgon, Victoria
Traralgon Lifestyle Village
SOLD
Business Description
HTL Property is pleased to offer for sale the freehold going concern interest in Traralgon Lifestyle Village, a strong performing mixed-use park, catering predominately to permanent and long-term residents, located in a top tourist and retiree destination – the Latrobe Valley of Victoria.
Key Investment Highlights
• Well-presented and popular park offering 137 mixed-use sites + high quality facilities
• 49 owner-resident homes + 20 long-term, park-owned cottages + 21 cabins / bunkhouses + 36 campsites + 11 vacant, development-ready sites
• Indoor and outdoor pools, large recreation room, gym, BBQ areas, camp kitchen, 2 x amenity blocks, guest laundry, manager’s residence and more
• Convenient 2 hour* drive to Melbourne and within 10mins* to two major town centres
• Substantial 4.06 hectare* freehold site with double frontage and flexible zoning
• Strong performing business with $1.47 million* Gross Profit in FYE 2024 underpinned by strong occupancy across all accommodation categories
• 11 vacant, serviced sites prime for home installation offering potential development profits from home sales and a boost to income from additional site fees
• Well-maintained, low-cost base asset with negligible CAPEX requirements + simple management structure (experienced on-site manager’s)
Traralgon Lifestyle Village presents a great opportunity to acquire a strong-performing and well-managed mixed-use park offering immediate development potential and scope to drive revenues. Further, the strong region onal locatiand substantial landholding will underpin long-term value.
Traralgon Lifestyle Village is being offered for sale together with Cooroy Village and Sugar Coast Village in Queensland. The assets are for sale in-one-line or individually via an Expression of Interest campaign, closing at 4pm on Thursday, 12 September 2024.
*Approx.
Business Summary
Key Investment Insights
1. Strong performing mixed-use park in a top tourist and retiree destination – the Latrobe Valley of Victoria.
2. 137 mixed-use sites with a mix of permanent and long-term residents.
3. Diverse range of accommodation options including owner-resident homes, long-term park-owned cottages, cabins/bunkhouses, campsites, and vacant development-ready sites.
4. High-quality facilities including indoor and outdoor pools, recreation room, gym, BBQ areas, camp kitchen, amenity blocks, guest laundry, and manager's residence.
5. Convenient location with a 2-hour drive to Melbourne and close proximity to two major town centers.
6. Substantial 4.06 hectare freehold site with double frontage and flexible zoning.
7. Strong financial performance with $1.47 million Gross Profit in FYE 2024 and high occupancy across all accommodation categories.
8. Potential for additional development profits from home sales and increased site fees from 11 vacant, serviced sites.
9. Well-maintained and low-cost base asset with minimal CAPEX requirements and simple management structure.
10. Experienced on-site managers in place.
11. Potential for long-term value growth due to strong regional location and substantial landholding.
12. Offered for sale together with two other lifestyle villages in Queensland, providing potential for a larger investment opportunity.
13. Expression of Interest campaign closing on September 12, 2024.
