7 Tully Heads Road, Tully Heads, Queensland

Established Coastal Caravan Park – New Lease Opportunity

Leasehold $1,100,000

Business Description

Positioned in the coastal Tully region of North Queensland, Googarra Beach Caravan Park presents an outstanding opportunity to secure a brand-new lease over an established tourism and lifestyle property.

Set across approximately 6.368 acres, the park is currently operating under management and has benefited from almost $800,000 in recent capital investment. With established infrastructure, multiple income streams and further scope for growth, the opportunity will appeal to experienced park operators and buyers seeking an attractive coastal lifestyle business.

The park comprises more than 70 sites together with 13 refurbished cabins, catering to short-term holiday guests, travelling workers and longer-term residents. There are currently 14 permanent tenants in place, with individually metered services providing an established and consistent underlying income stream.

Considerable improvements have recently been completed throughout the park, including upgraded amenities designed to improve guest comfort, functionality and presentation. Additional facilities include a swimming pool, camp kitchen and on-site laundry.

The property also benefits from solar power infrastructure, assisting with operating efficiency and reducing ongoing energy costs. An on-site general store provides added convenience for guests and the surrounding community, while fuel sales offer an additional revenue stream and valuable point of difference.
The brand-new lease provides an incoming operator with the opportunity to take control of an established coastal caravan park without the larger capital commitment associated with purchasing the freehold.

With management currently in place, diverse accommodation options and clear potential to further develop occupancy, accommodation revenue, retail trade and overall park operations, Googarra Beach Caravan Park represents a flexible and compelling leasehold opportunity.

Freehold Opportunity Available: Buyers seeking ownership of both the land and business may also consider the Freehold Going Concern opportunity.

Business Summary

Other Features / Notes

A:LEASEHOLD, B:CARAVAN PARK, C:QLD - Cairns & North

Marketing Agent

Tom Noonan

CRE Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. New lease opportunity offers entry into an established caravan park without the larger capital commitment of purchasing the freehold.
2. Coastal Tully region location in North Queensland offers a tourism and lifestyle business setting.
3. Approximately 6.368 acres accommodate more than 70 sites and 13 refurbished cabins.
4. Almost $800,000 in recent capital investment includes upgraded amenities that improve guest comfort, functionality and presentation.
5. Currently operating under management, with management already in place for an incoming operator.
6. Accommodation caters to holiday guests, travelling workers and longer term residents, supporting diverse income streams.
7. Fourteen permanent tenants with individually metered services provide an established, consistent underlying income stream.
8. Guest facilities include a swimming pool, camp kitchen and on site laundry.
9. Solar power infrastructure supports operating efficiency and reduces ongoing energy costs.
10. An on site general store serves guests and the surrounding community, while fuel sales provide additional revenue.
11. Scope exists to develop occupancy, accommodation revenue, retail trade and overall park operations.
12. A separate Freehold Going Concern opportunity is available for buyers seeking ownership of both the land and business.