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Caravan Parks & MHE's

Crystal Brook Tourist Park

182 Heidelberg-Warrandyte Road, Doncaster East, VIC

Caravan Parks & MHE's

Crystal Brook Tourist Park

182 Heidelberg-Warrandyte Road, Doncaster East, VIC

Expression of Interest |
Closing: 23 March 2022, 5PM

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HTL Property, in conjunction with CRE Brokers, are pleased to offer for sale the Crystal Brook Tourist Park, one of only two freehold caravan parks located in metropolitan Melbourne, Victoria.

Key investment highlights include:

  • Unique Metropolitan Melbourne location – located in a highly desirable residential precinct of Melbourne, underpinning the value of this freehold going concern park asset. Only 30 minutes from Melbourne CBD.

  • Strong Cashflow Business – The park shows consistent income growth, with a range of options available to an incoming investor to further capitalize on the location and current domestic tourism resurgence for further revenue enhancement. Budgeted income for the calendar year 2022 is $1,414,682.

  • Currently run under management. An easily managed operation. Current owners reside interstate.

  • Surplus Unused Land – additional under-utilised portion of land that could be used for an expansion of the camping or glamping offering (STCA).

  • Well Maintained Asset – The park presents in good condition with no immediate Capex requirements. All improvements are park owned.

  • Substantial Freehold Site – the park sits on a 9.6-acre site located in a premier location surrounded by premium residential and quality amenities.

  • Site Mix – The park is currently 100% tourist but up until 2019 there was a mix of permanent occupants. An incoming owner may review the site mix and elect to explore conversion to a more passive, permanent residential mix.

This unique opportunity is being offered to a targeted list of potential suitors by expression of interest.

 A virtual data room of due diligence information has been established to assist purchasers with their review of this opportunity.

Closing

23 March, 2022 at 5PM

Agent Details

Accommodation

Andrew Jackson

National Director

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