Caravan Park Netting 9%, Zoned Residential

Mid North Coast - New South Wales

Slideshow

This 6 acre seaside freehold caravan park is very well located, is boasting just under 10% net return and is zoned residential. Possibilities include:
- Land bank; The park under management should come close to covering holding costs
- Retain the freehold and sell the lease for a great passive income; The lease could fetch over $900,000
- Redevelop the site for residential use (STCA); There is no DA in place at present

Features include:
- Netting just under 10%
- Zoned Residential: huge potential for future redevelopment (STCA)
- The site is 2.42 Ha freehold with a further 2,057sqm leased
- 300m from the beach
- 2 separate residences, with the main one being 3 bedroom, 2 bathroom
- 126 sites, 19 on-site cabins and vans

Contact Agent