Positioned within the robust regional Queensland centre of Chinchilla, the Freehold Going concern interest in the Chinchilla Tourist Park has come to market following a resilient period of trade and despite national travel restrictions.
Located within the Western Downs Region, approximately 300 kilometres West-Northwest of the Brisbane CBD and approximately 165km from Toowoomba, Chinchilla is a blue-collar influenced regional centre that is growing at an energetic rate. Chinchilla’s growth is due largely to the boom in both mining and gas business activity within close proximity to the township; as well as an increasing desirability for domestic and interstate travel to the region.
The massive format 105 site tourist park operation occupies an expansive 31,874sqm* allotment over 3 titles; providing 70 deluxe cabins and 35 powered van sites with the additional opportunity to further develop 11,720m2 of currently underutilized land.
HTL Property’s Queensland Directors, Glenn Price and Brent McCarthy, have been exclusively appointed to manage the Expression of Interest sale campaign concluding Wednesday 5 August 2020 (unless sold prior).
“The resilient business model enjoys a significant proportion of income generated through repeat corporate trade, and which has only strengthened throughout the Covid-19 period. With historically strong revenues, the operation forms a solid foundation for a corporate or energetic private operator to continue to grow the business off the back of the future predicted increases in both tourism and mining in the area” commented HTL Property Director, Brent McCarthy.
The Tourist Park offers ample and modern guest facilities, including a 100 seat restaurant, reception area, camp kitchens, swimming pool, modern amenities as well as tree lined streets and large park grounds. Additionally, included is a conference facility and games room which can also be utilised as guest accommodation or a second Manager’s lodging. The contemporary Manager’s flat, adjacent the Reception Area, offers 3 bedrooms, a lounge area and kitchen and bathrooms facilities.
Historically, the operation runs under full management.
“The Park is extremely well appointed, the 70 deluxe air-conditioned cabins with fully equipped kitchens offer king or queen bedding options, while the 35 powered sites also offer guests water, internet and television connections. The large land holding lends itself to an expansion of the operation, with the possibility exiting to convert the holding to an over 55’s based accommodation offering under code assessable criteria” advised HTL Property Director, Glenn Price.
Tourism Australia recorded 2.6 million* trips taken by Grey Nomads (55-70 year old’s) as the major demographic and the largest contributor to Camper Van Parks in 2019; representing 40% of all travellers, the majority of which travelled across the Eastern seaboard. These statistics represent a 12% increase when compared to the previous year.
“The cashed-up generation of baby boomers continues to explore Australia in the luxury of their own campervans and motorhomes; spending an above average number of nights in regional centres” added Price.
“With restrictions further governing national and international travel, the outlook for safe family friendly destinations will place the quintessential travelling holiday back on the radar for families across Australia” said Price. “Statistics tell us that 29% of all Grey Nomad travellers are domiciled in Queensland, and when combined with cross state travellers, are key contributors to the broader sector increases” concluded Price.
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