Ulladulla Beachfront Tourist Park for Sale by HTL Property
HTL Property has been exclusively appointed to sell the Beachside Village Ulladulla, on the picturesque South Coast of New South Wales. The 1.92 hectare freehold tourist park is superbly located directly fronting popular Racecourse Beach in Ulladulla.
Currently operated as an annuals holiday park, operating a total of 38 income generating sites, the rare asset is supported by a range of well-maintained facilities and amenities.
The park separately enjoys development consent to expand the existing operation considerably; so as to operate in excess of 100 sites, still with further surplus land.
Andrew Jackson of HTL Property will steer the sale campaign on behalf of a local family that are retiring. Mr Jackson said the park’s consistent, virtually passive income profile, and superb beachfront location would attract interest from a diverse investor audience.
“The Beachside Village is structured currently to cater for annual holiday cabins and is therefore a relatively passive business operation underpinned by annual rental agreements. Income will increase incrementally as new cabin inventory is installed on site, sold off and added to the rental pool; and this accelerates as annual rental fee increases take effect” advised HTL Property National Director, Andrew Jackson.
“However this asset is essentially a blank canvass. A superb beachfront landholding fronting a popular surfing beach, yet only moments to all the conveniences of the Ulladulla town centre” added Jackson.
“An incoming purchaser can easily continue to develop out an annuals style holiday village, or may elect to provide
more traditional tourist accommodation offerings” Jackson offered.
“We anticipate strong interest in this opportunity from a wide range of audiences, including listed funds and dominant groups that have been amassing scale in the caravan park sector over the last decade”.
“We also expect this asset to generate interest locally, perhaps from a syndicate of locals who like the idea of being their own boss and acquiring an irreplaceable beachfront landholding with further expansion potential”.
“The park provides an opportunity to enter the park sector at an affordable entry point, while also offering the purchaser enormous scope for upside” Jackson added.
HTL Property believe the approvals in place add another dimension to this park, providing a purchaser with the potential to commence expanding the existing operation immediately.
“There exists a development consent already in place, so an incoming purchaser could effectively commence a staged construction program straight away” advised HTL Property Director, Nic Simarro.
“There are headwork’s credits in place, which may also provide cost savings off the overall development cost” Simarro said. “This is a pure annuals park offering with extraordinary income growth potential, plus the direct access to a superb beachfront will underpin the long-term value of the asset” added Simarro.
“Both short and long-term park assets have remained incredibly popular amongst investors and owner operators even throughout the challenging trading periods recently faced. The broad market demand for these types of assets is simply outweighing the available supply HTL Property National Director Andrew Jackson concluded.
The Beachside Village, Ulladulla is conveniently located within 3hrs drive from both Sydney and Canberra. Ulladulla has been one of the regions that has benefited from the recent pandemic fuelled migration to regional locations, with both population and residential housing prices soaring in recent years.
The Beachside Village is being exclusively sold by HTL Property via an Expression of Interest campaign closing on 11 August, 2022.