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Sold on 28 Mar 2013

12 Slaughterhouse Road Milton NSW 2538

  • Hotel, Motel, Pub & Leisure
  • 69,800 m²
  • Sold

MILTON TOURIST PARK

    TOURIST PARK WITH DEVELOPMENT APPROVAL FOR MANUFACTURED HOME ESTATE

    * Established freehold 3.5 star caravan park
    * Current revenues approximately $600K per annum, steady annual growth
    * Licenced for 157 sites with a variety of accommodation types, good range of facilities
    * Scope for further revenue growth through existing park business or redevelopment
    * Substantial 17 acre site with balance land, 5 minutes from the beach
    * Development approvals in place for 190 site manufactured home estate
    * Ability to commence construction of the first 4 stages - 84 sites - without disrupting the existing tourist park business and income
    * Currently run under management, opportunity for owner operators to improve bottom line

    Milton Tourist Park represents an opportunity to enter the park sector at an affordable entry point -
    while offering plenty of scope for upside.

    The approvals in place also offer the potential to capitalise on the local demand for affordable housing by the staged introduction of more permanent sites for manufactured homes,
    offering an incoming purchaser additional passive income plus the development profits on the sale of
    each manufactured home.

    For Sale by Expressions of Interest closing Thursday 25th October 2012.

    Inspections by appointment only. To obtain further information or arrange an inspection please
    contact the exclusive agent listed.

    Property Highlights

    Property ID2016725684
    Date Sold28 Mar 2013
    Floor Area69,800 m²
    Land Area6.98 ha
    ParkingOn site parking available
    Category
    Last updated  12 Jan 2021
    Map for 12 Slaughterhouse Road Milton NSW 2538
    Map for 12 Slaughterhouse Road Milton NSW 253812 Slaughterhouse Road Milton NSW 2538
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Property Highlights

    Property ID2016725684
    Date Sold28 Mar 2013
    Floor Area69,800 m²
    Land Area6.98 ha
    ParkingOn site parking available
    Category
    Last updated  12 Jan 2021
    CBRE Hotels
    Level 21 363 George Street Sydney NSW 2000

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