BEACHFRONT CARAVAN PARK OFFERING, LONG TERM 42 YEAR LEASE
KINGSTON SE, SA, SA
Description
BEACHFRONT CARAVAN PARK OFFERING, LONG TERM 42 YEAR LEASE ResortBrokers presents an exclusive opportunity to acquire the Leasehold interest of the Kingston Foreshore Caravan Park, together with a management agreement for the adjacent Kingston RV Park. This prime beachfront location offers a new 42-year lease to council, providing long-term security, with scope for growth. Brand new 42-year lease offering long-term security The offering incorporates a management agreement over the adjacent Kingston RV Park adding a further 50-70 sites RV Park simple operation, no bookings required, and an automatic ticket machine on site Prime beachfront location on the esplanade, a short 20-minute drive from Robe Caravan Park consists of 65 powered sites, 14 unpowered sites, and 3 annual sites, along with 14 cabins. Room for growth via refreshment of current product, linking to 3rd party booking agencies, the addition of new beachfront cabins STCC Onsite amenities include a kiosk, 2 x camp kitchens, a fire pit outdoor barbecue, a kid jumping pillow, laundry facilities, and fish cleaning area Inspections are by appointment only
Financials
- Asking price
- $1,180,000
- Net profit
- $267,589
- Revenue
- —
- Profit multiple
- 4.41x
- Revenue multiple
- —
Agent
Kelli Crouch, 312872 RLA
