HTL Property announce the sale of Big 4 Cane Village Holiday Park Bundaberg, on behalf of a private investment syndicate. Exclusive agents, Andrew Jackson, National Director of HTL Property and  Paul Nyholt, Queensland Director, steered the public campaign that ultimately saw the Property sell for over $7 million to Tim Eddy; a private park owner and President of the Caravan Parks Association of  Queensland.

The Big 4 Cane Village Holiday Park Bundaberg is a very well-presented, mixed-use holiday park - offering  106 sites comprised of 83 short-term-sites, the majority of which are powered campsites plus a few cabins; as well as 23 sites occupied by a mix of long-term tenants and permanent residents in either privately or  park-owned accommodation. The strong-performing business has a forecast $1.30million Gross  Revenue for CYE 2024.

“I really like this park and see a lot of potential for growth here. The region of Bundaberg is growing in  popularity every year, both as a tourist destination as well as a popular place to live” advised Purchaser Tim Eddy.

Bundaberg is a vibrant regional city on the globally renowned Coral Coast of Queensland. The city boasts a  population of over 102,000 with a wider economic catchment estimated at 330,000. The well-established  economy, underpinned by agriculture and tourism, continues to boom recording a 7.7% YoY growth rate;  the 2nd highest in Queensland.

The tourist market, particularly for caravanning and camping, has recently exploded; and is consequently  driving the strong operations and profits of parks, and thereby the interest from investors. Domestically, the  year ending 2023 was the highest year on record for overnight caravan and camping trips; during which Australians took 15.3 million trips and spent 60.7 million nights caravanning and camping. Of all the  holidays Australian’s took in 2023, one in five was in concert with a caravan or camping trip; reflecting the  ever-strong and growing love Australians have for road-tripping and sleeping under the stars.

The demand for affordable, senior’s housing is also a major driver of the robust mixed-use park investment  fundamentals, that consequently continues to attract investors. The largest age cohort of Australian’s, the  Baby Boomers, are now entering the retirement years; and as such are looking to downsize to lifestyle  locations, whilst remaining ever conscious of affordability. Mixed-use parks and RLLCs therefore offer an  excellent option for these affluent retirees, particularly when considering their accessible entry costs and  low on-going fees.

“Modern day parks offer facilities akin to luxury resorts, and represent an asset class that offers  strong investment fundamentals, driven by large landholdings in prime locations. Mixed-use parks offer the  best of both worlds in terms of income profile - strong tourist occupancy rates and soaring ADRs drive the  revenue; while the permanent residents, and longer-term rentals paying regular site fees, provide stability  and security to the cash flow” added Paul Nyholt, Queensland Director of HTL Property.

Big 4 Cane Village Holiday Park Bundaberg occupies a substantial 1.80ha freehold landholding and holds DA approval to reconfigure the current operation to a 105 site manufactured home estate. The Property is superbly positioned, conveniently within walking distance of Stockland’s Sugarland Plaza, cinemas, social  clubs, parks and more.

“The park is well laid out and presents most impressively. We see an opportunity to immediately bolster the  cabin inventory on site, given the strong demand for this accommodation type from both short-stay guests and longer-term stays. The higher yielding product should have an immediately positive impact upon  revenue generation; and we will continue to execute a capital works program in order to accelerate this  growth trajectory” commented Mr Eddy.

“We are exploring the opportunities at the moment. It’s always a challenging time taking over a new park,  but it is also an exciting phase exploring what changes we might implement going forward” Eddy concluded.

“Transactional activity has enjoyed a significant uptick in activity over the past quarter. As such, we are receiving strong interest for all types of assets and from all types of investors. Deal flow has also improved  markedly, and we look forward to announcing a number of high-profile deals over the month  ahead” concluded Andrew Jackson, National Director of HTL Property.

Should you wish to discuss the current market opportunities or your own portfolio mandates, please do not  hesitate to contact HTL Property; a powerfully boutique brokerage firm, specialising in commercial  accommodation and hospitality assets, ranging from pubs and hotels through to holiday parks and MHEs.

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Holiday Park Bundaberg for sale by HTL Property