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Three caravan parks sold in Tweed Heads region

Three caravan parks sold in Tweed Heads region
Three caravan parks sold in Tweed Heads region

Caravan parks appear to be attracting a lot of attention in New South Wales’ far north coast area of Tweed Head.

Ray White Commercial notes that Tweet Heritage Caravan Park at Chinderah (pictured above) sold for $6.08 million.

Sam Johnson of Ray White Commercial said that it was a once in a lifetime option to acquire the fully operational business set up on a substantial parcel of land.

“We had 76 enquiries during the marketing campaign and 15 offers to purchase were received. Caravan parks and manufactured housing estates are playing an increasingly important role in meeting the housing requirements of the ageing population in Australia,” he said.

Institutional investors and “cashed up private investors” are looking at this sector of the market, he said.

This most recent sale followed two other similar sales totaling more than $12 million. One of these sales was the adjoining Chinderah Lakes Caravan Park at 182-184 Chinderah Bay Drive, Chinderah. This site cost just under $4 million and sold to the same Sydney-based private fund.

The Royal Pacific Tourist Retreat and Caravan Park in Chinderah was also recently bought for $2.5 million.

THE PROPERTY

  • Vendor: Tweed Heritage Park Pty Ltd
  • Type: Caravan park
  • Details: 147 caravan sites, two large four-bedroom residences, manager’s office.
  • Income potential (gross): $1 million
  • Offers: 76 enquiries, 15 offers to purchase
  • Size: 40,100 square metres
  • Address: 186-202 Chinderah Bay Drive, Chinderah
  • Bought by: Sydney-based private fund

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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