North Queensland Caravan Park

KEY FEATURES

This park has the potential to increase the income substantially by diversifying . This can be discussed upon enquiry.

TRADE FOR

The vendor of this Park will consider most trades, with 50 % cash

FULL DESCRIPTION

INTRODUCTION

The sale of the Bowen Palms Caravan Park is an opportunity to acquire a sizeable park with an excellent income, highly visible location and great prospects of expanding the business as a result of the increased mining and infrastructure developments in the Bowen area. It is the intention to hold the park as a long term investment capitalising on future, temporary and permanent accommodation for workers and local residents.

PROPERTY OVERVIEW

The Bowen Palms Caravan Park has excellent highway frontage with the Bruce Highway. Bowen Palms Caravan Park offers a friendly park atmosphere amidst treed surrounds with a large portion of the land available for future use. Internet, Wifi and internet kiosk are available. Cabins and villas are all equipped with cooking facilities and utensils, ensuites, air conditioning, TV/DVD's.

Nearby public bar with courtesy bus operates 7 days a weeks with a restaurant for night meals.

Bowen Palms is currently run under management after the owners have spent two years implementing new operating systems, capital expenditure projects and currently going thru council increasing the number of sites from 77 up to 140.

The park is operated as a mixed use park whereby they have 23 permanents in ensuite cabins and vans. The remainder of the park is open to tourists.

The 3 bedroom house is located at the park entrance which is used for the onsite manager’s residence.

There is also an additional 5 acres at the rear of the park which can be developed and is currently undergoing council approval to increase the number of sites. Concept plans are attached.

Occupancy consistently runs at 70% and the majority of occupants are workers.

The park is one of only 2 in town which can expand its current occupancy by way of future development.

EXECUTIVE SUMMARY

The Offering: Bowen Palms Caravan Park

Address: 18477 Bruce Hwy, South Bowen Qld 4805

Location: Southern approach to Bowen

Property Description: 3.991HA site - Lot 2 on RP 728969 Title Reference: 20994145

Property Summary: Main improvements include:

• 77 registered sites + unregistered sites including:

• 39 ensuites

• 17 vans

• 5 cabins

• 2 villas

• 1 main amenities block

• 1 laundry block

• 1 camp kitchen

• 1 office with internet room, storage room and main foyer

• 1 colourbond storage shed

REAR CAMP GROUNDS (registered for 16 unpowered sites)

• Sites 63 - 79 Seasonal unpowered tent sites, grassed

Management Status: Two owner operators, three casual staff.