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BEACHFRONT CARAVAN PARK OFFERING, LONG TERM 42 YEAR LEASE | Resort Brokers ID : LH008502
$1,180,000
Caravan Park hospitality, KINGSTON SE SA
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
Date updated: 22 Dec 2024 22:00:04
More Information
- Total Purchase Price: $1,180,000
- Net Income: $ 267,589
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?