35 Airfield Road, Traralgon, Victoria
Traralgon Lifestyle Village
Under Contract / Offer
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. Well-established and popular mixed-use park with a strong reputation in the Latrobe Valley region of Victoria.
2. Diverse range of accommodation options including 49 owner-resident homes, 20 long-term park-owned cottages, 21 cabins/bunkhouses, 36 campsites, and 11 vacant development-ready sites.
3. High-quality facilities including indoor and outdoor pools, large recreation room, gym, BBQ areas, camp kitchen, 2 amenity blocks, guest laundry, and manager's residence.
4. Convenient location with a 2-hour drive to Melbourne and close proximity to major town centres.
5. Substantial 4.06 hectare freehold site with flexible zoning and double frontage.
6. Strong financial performance with a projected Gross Profit of $1.47 million in FYE 2024, supported by high occupancy rates across all accommodation categories.
7. Potential for additional development profits and increased income from the 11 vacant, serviced sites.
8. Low-cost base asset with minimal CAPEX requirements and a simple management structure.
9. Experienced on-site managers in place.
10. Opportunity to acquire Traralgon Lifestyle Village individually or as part of a larger portfolio including Cooroy Village and Sugar Coast Village in Queensland.
