ResortBrokers is delighted to bring to market this rare passive investment tourist park. A brand new 40-year lease is in place to very experienced park operators. Over the last three years, circa $3m in refurbishment, upgrades and new apartments has been invested
Situated in a popular seaside location right on the foreshore and only 160 kilometres from Adelaide. With a range of accommodation options including 19 powered sites and 12 ensuite cabins, four of which have been newly installed and five have had refurbished floors, paint and furniture and appliances. Seven new luxury beachfront apartments have just been completed and opened late December 2021.
The best passive investment opportunity in the market today, investors can enjoy good depreciation, with no immediate capital to outlay and have comfort in the length of the lease and in the strength and experience of the tenant.
- Incoming purchaser can enjoy good depreciation
- Comfort in the strength and experience of the current tenant
- Circa $3,000,000 in capital investment over the last few years
- Long term 40-year lease in place (10 years plus 3 x 10 year options)
- Seven brand new beachfront apartments opened December 2021
- Beachfront land located in sought-after tourist destination, 160km from Adelaide
- Property inspections are by appointment only
