Nambucca River Tourist Park & Nambucca Heads Lifestyle Village

• Currently 205 sites in total, with approvals in place for further expansion, providing for a total 269 sites on completion
• Consistent income with history of growth at both assets and further upside potential – current annual income is approximately $1.5m (FY21)
• On-site management teams in place at both parks
• Both parks present well, are within close proximity and are well located to local amenity
• The bulk of income generated is derived from permanent residents and medium-long term rentals in park owned cabin inventory
• Substantial vacant level land component with the Nambucca River park’s 11.76 hectare* landholding, currently used for a golf driving range – and approvals achieved to continue expanding the asset to capitalise on ever-growing popularity of parks in this region
• Opportunity to achieve development profits upon sale of future home sites, which will then enter the passive rental pool on completion
• Nambucca Heads on the northern NSW coast is an ideal location for this style of asset, popular with tourists but also with an ageing population and firm median house prices.

*Approx.