Caravan Park yielding 14% under management

Scone, New England - New South Wales

- Almost entirely permanents, solid reliable income.
- Running at approx 95% occupancy, very high demand for accommodation
- $155,000 net (after $35k management expense) income 2011
- Potential for over 15% net return if run by the owner
- Turning over $220,000 - 2011 (ON THE BOOKS)
- Manager happy to stay on if required
- Neat and tidy park
- 2 story, 2 bedroom + office, managers’ residence
- DA in place for another 4 cabins

There is a huge demand for accommodation in the Scone area as the mines develop.
Building the 4 approved cabins would increase the profit substantially.

The Facts

$1,000,000
Freehold and business
REF
N445

Operating Status
Operating
Tourism Region
New England, New South Wales
Owner Bedrooms
2

Owner Bathrooms
1

AAA Rating
2.5

Financials
Netting $80-90k on Turnover of $168k (Projected 2009)

Land Size (approx)
3,700 sqm
(0.91 acres , 0.37 ha)

Inspection: By appointment only