Chinchilla’s only tourist caravan/cabin park is being offered to the market – representing an attractive investment opportunity in Queensland’s Darling Downs region.
The four-star Chinchilla Tourist Park - located on the corner of Carmichael and Zellar streets - comprises 105 sites consisting of 70 cabins and 35 caravan sites.
Built and opened in April 2013, the park has received development approval for inclusion of a relocatable home park.
CBRE’s Andrew Jackson has been appointed to sell the freehold going concern, which is presented in immaculate condition.
Mr Jackson said the ‘like new’ asset represented an attractive investment opportunity.
“As the only caravan/cabin park in Chinchilla, this property offers an advantage in the local tourism market, in addition to an opportunity for a new owner to attract permanent residents at an extremely reasonable entry cost,” Mr Jackson said.
“Presented ‘as new’, the Chinchilla Tourist Park provides substantial tax depreciation benefits and minimal capex requirements in the short to medium term.”
Located approximately 300km from Brisbane, the Chinchilla Tourist Park is an immaculately presented park, offering a range of high quality accommodation and facilities. The park also includes a three bedroom manager’s residence, in addition to a staff residence on a separate title.
Mr Jackson said the park, which generated a turnover of circa $6 million in its first year, was now being offered to the market in line with the owner’s plans to sell upon its establishment.
“This is a fabulous opportunity for an experienced operator to take advantage of the Development Approval for creation of a manufactured home village, whilst also improving the business model of the existing tourist park,” Mr Jackson explained.
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