Victorian Tourism Asset Sold by HTL

HTL Property has today announced the successful sale of Nagambie Lifestyle Park, a strategically located mixed-use lifestyle and tourist park located in Victoria. The popular park has been acquired by ASX-listed property fund Eureka Group for $11.08 million; and following a competitive off-market Expression of Interest campaign managed exclusively by HTL Property. The property spans 4.37 hectares on the southern outskirts of Nagambie – north of Melbourne, and comprises 155 sites catering to permanent residents, long-term rentals, and short-stay visitors with significant development upside.

The park has undergone significant repositioning and capital investment exceeding $8.3 million since 2022, transforming it into a modern lifestyle destination. Accommodation offerings include 75 resident-owned homes with two completed homes available for sale, 18 park-owned rentals, 19 annual sites, 10 motel rooms, 5 holiday units, and 26 vacant serviced sites primed for further development. This configuration provides the incoming purchaser with a stable revenue stream and clear pathways for growth through home sales and site activation.

“Nagambie Lifestyle Park represents a high-quality regional asset with strong fundamentals. Its combination of secure income, development-ready sites, and proximity to Melbourne positions it as a compelling addition to Eureka’s existing portfolio. The park’s location near Lake Nagambie and the Goulburn River ensures consistent tourism demand, while the ageing demographic and affordable housing market underpin long-term residential growth” advised HTL Property National Accommodation Director, Andrew Jackson.

The park offers a comprehensive suite of amenities including a heated swimming pool, BBQ areas, playground, recreation room, kiosk, and manager’s residence; all within five minutes of Nagambie’s town centre. The surrounding Strathbogie Shire is experiencing robust infrastructure investment; further enhancing the region’s appeal as a lifestyle and tourism hub. Upon completion of the development, the park will comprise 155 sites with a strong proportion being resident owned homes and long-term rentals.

HTL Property facilitated the off-market transaction, which closed at $11.08 million, reflecting material value in both the consistent revenue generated from current residents; and in addition the significant development upside. This acquisition marks the ninth all-age rental village sale by HTL over the past year; and the second park Eureka has successfully secured via HTL Property in the past three months; underscoring the listed company’s strategic commitment to affordable lifestyle communities in high-demand regional markets.

HTL Property Victoria Director Scott Callow noted the strength of the Victorian market, stating “Victoria has remained a major destination for institutional capital, with significant investment from both local property funds and international capital over the past year. Victoria’s tourism investment pipeline shows the continued strength of the state, with approximately $22 billion in accommodation and tourism projects underway, a 35% increase from the previous year.”

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