Budgewoi, New South Wales

Freehold $4,500,000

Property Description

124CPF - RECESSION PROOF COASTAL FREEHOLD RESIDENTIAL VILLAGE

- Close to Newcastle and only 1.5 hours North of Sydney.

- Meticulously maintained primarily residential village.

- Surrounded by vacant land creating a quiet content lifestyle for all.

- All sites individually metered for electricity.

- Managed by Sydney owner for the past 18 years with the help of an onsite caretaker, only two owners during the past 36 years highlight this secure investment.

- The property has a permit for 43 sites - 38 sites fully occupied.

- 3 holiday cabins and 2 powered sites of 70% occupancy.

- Sale includes 28 park owned rented cabins, only 13 privately owned dwellings.

- Expected Financial year 2019-20 income $500K.

- The nature of the park limits the outgoing expense to a genuine minimum circa 20%.

- Circa 10% return on your money plus majority inventory ownership.

- A short drive to major shopping centres and relevant amenities.

- A very secure income making this property worth a double take.

This limited NSW Central Coast village park is to be visited to be fully understood. You will discover commercial benefit within. If like the current owner, you have a focus as a passive investor, this opportunity should be explored.

Surrounded by land held by alternate owners provides possible future expansion pending your dynamic. The space creates a superb quiet environment to reside and operate for you or caretakers should you choose. Thus, securing an all but fully occupied investment year-round.

Once provided the tour of the property I am convinced this asset will soon sell.

Net Profit: $400,000 expected for 2019/20

Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.

Property ID: 124CPF (quote when enquiring)

Property Code: 3017

Property Summary

Caravan Park Information

Marketing Agent

James Carrick

Marketing Agency

Tourism Brokers

James Carrick
Tourism Brokers

Phone

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This listing last updated: 11th September 2020

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Budgewoi, New South Wales 2262 Exact map location not provided

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