A large-format tourist park with development potential has hit the market in Queensland’s Western Downs region.
The property, in the town of Chinchilla, 300 kilometres north-west of the Brisbane CBD, sits on 32,000 sq m over three titles. It has 70 cabins and 35 powered van sites with another 11,720 sq m of underused land with the potential to be further developed.
The property comprises a 100-seat restaurant, a three-bedroom manager’s flat, reception area, camp kitchens, swimming pool and large park grounds.
There is also a conference facility and games room, which can also be used as extra guest accommodation.
Chinchilla is a growing regional centre, thanks largely to the boom in mining and gas business activity nearby.
HTL Property director Brent McCarthy, who has been appointed to manage the sales campaign with co-director Glenn Price, said the tourist park offered a resilient business model with a significant proportion of income generated through repeat corporate trade, which had strengthened throughout the pandemic.
“With historically strong revenues, the operation forms a solid foundation for a corporate or energetic private operator to continue to grow the business off the back of the future predicted increases in both tourism and mining in the area,” Mr McCarthy said.
Mr Price said the rise in travel by grey nomads, who were the largest contributor to camper van parks as a proportion of travellers, also made the tourist park an attractive proposition.
According to Tourism Australia, travel by grey nomads – those aged between 55 and 70 – is on the rise, with about 2.6 million trips taken by the demographic in 2019, an increase of 12 per cent compared to the previous year.
“The cashed-up generation of Baby Boomers continues to explore Australia in the luxury of their own campervans and motorhomes, spending an above average number of nights in regional centres,” Mr Price said.
He said the large land holding lent itself to an expansion of the business, with the possibility of converting the property to an over 55s-style accommodation.