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 & NorthKey Investment Insights
1. Located in the coastal Tully region of North Queensland, offering established tourism appeal and coastal lifestyle draw.
2. Leasehold opportunity with a brand-new lease, enabling operation without the larger capital outlay of freehold purchase.
3. Freehold going concern option available for buyers who prefer to acquire both land and business.
4. Property area approximately 6.368 acres, providing scale for current operations and future development.
5. Recent capital investment of almost $800,000, reflecting upgraded infrastructure and reduced immediate capex requirements.
6. Accommodation mix includes more than 70 sites and 13 refurbished cabins, catering to holiday guests, travelling workers and longer-term residents.
7. Established underlying income stream from 14 permanent tenants with individually metered services.
8. On-site facilities include upgraded amenities, a swimming pool, camp kitchen and laundry, enhancing guest comfort and operational functionality.
9. Additional revenue streams comprise an on-site general store and fuel sales, creating retail income and a point of difference.
10. Solar power infrastructure in place, supporting operating efficiency and lowering ongoing energy costs.
