Residential land lease community sells as budget conscious holiday makers continue to drive big rises in holiday park revenue

Enclave at Healesville, a 2.5ha Yarra Valley holiday park, has been purchased by an Australian-based international investor for $5.2 million, capitalising on the growing trend of holiday park popularity.

Located an hour's drive from the Melbourne CBD, Enclave at Healesville comprises 71 dwellings offering a mixture of short stay and permanent accommodation. 

CBRE’s Marcello Caspani-Muto, Jimmy Tat, Sandro Peluso and Scott Callow managed the sale.

“The team continues to witness limited availability of tourism and retirement land lease opportunities priced below $15 million. Private investors typically acquire only two to three assets of this kind per year nationwide and these opportunities are highly competitive due to their potential for significantly higher yields compared to traditional commercial real estate assets, especially those with effective management or expansion potential,” Mr Peluso commented.

“There has been a surge in positive press coverage regarding investments in the tourism and land lease community markets. As industry awareness continues to grow, we anticipate further yield compression.”

Mr Tat added, “Owners are often surprised at the level of private capital needed to acquire individual or portfolio assets across the caravan parks and lifestyle community's asset class. Our team has also seen this for healthcare and early learning assets, with some recent transactions exceeding $20 million.”