Syndicate Puts Bulahdelah Caravan Park on the Market

Bulahdelah Residential Village and Tourist Park has been put up for sale by a private investment syndicate. Specialist brokerage firm HTL Property has been exclusively appointed to sell the Property with Director’s James Carrick and Andrew Jackson to steer the sale campaign.

The mixed-use holiday park currently operates 73 sites across the 2.41 hectare freehold landholding. The Property also features a swimming pool, amenities block, BBQ area, reception and office and manager’s residence. Bulahdelah Residential Village and Tourist Park has been operated under management throughout the entire period of its ownership.

Mr Jackson said the sale campaign was expected to attract broad ranging enquiries, with strong interest particularly expected from owner operators.

“We expect the entry-level price point of this asset to generate significant interest from owner operators. At around $2 million, this is a great opportunity for people to enter the tightly held park sector and effectively buy themself both an income and a lifestyle change” Jackson said.

Bulahdelah is located on the lower Mid-North Coast of NSW, a top tourist destination and popular retiree lifestyle location. The town is strategically positioned under 1.5 hours drive to the regional city of Newcastle and the renowned Hunter Valley; and also conveniently located within 2.5 hours to Sydney.

“Port Stephens is a very popular tourist region,  and the trading levels experienced over these summer holidays clearly demonstrates this – the region was busier than ever” advised HTL Property Director, James Carrick.

“The region has experienced a huge influx of people since the pandemic for both residential, longer-term stays as well as simply tourist and holidaymaker stays because of the great weather and natural attractions; as well as the region’s proximity to major and vibrant centres such as Newcastle” added Carrick.

“Bulahdelah Residential Village and Tourist Park is a well-established park that offers a range of value-add opportunities via refurbishments and development of additional cabin inventory (STCA), both of which would improve park appeal and drive revenue growth” concluded Carrick.

“Owner operators will readily identify opportunities to bring operating costs down and increase revenues through the implementation of new cabin stock, operational efficiencies and other value-add methodds” added HTL Property Director, Andrew Jackson.

“The park sector has been highly sought-after for many years and there has been a lot of consolidation by the corporate players over that time. However, we believe this particular asset will hold appeal to other buyer groups such as traditional moteliers and couples or families seeking a ‘sea or tree’ lifestyle change” Jackson added.

“There are many local people who would like the idea of being their own boss and owning a substantial landholding with strong potential” Carrick added.

“Accommodation assets have remained incredibly popular amongst investors and owner operators even throughout the challenging trading periods recently faced and the current economic climate. The broad market demand for these types of assets, especially in desirable locations with strong demand drivers, is simply outweighing the available supply” Jackson concluded.

Bulahdelah Residential Village and Tourist Park is being offered for sale via an Expression of Interest campaign closing 4pm Wednesday, 8 March 2023.

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