Highly maintained passive investment caravan park with experienced tenant

ResortBrokers is delighted to bring to market this rare passive investment tourist park. A brand new 40-year lease is in place to very experienced park operators. Over the last three years, circa $3m in refurbishment, upgrades and new apartments has been invested Situated in a popular seaside location right on the foreshore and only 160 kilometres from Adelaide. With a range of accommodation options including 19 powered sites and 12 ensuite cabins, four of which have been newly installed and five have had refurbished floors, paint and furniture and appliances. Seven new luxury beachfront apartments have just been completed and opened late December 2021. The best passive investment opportunity in the market today, investors can enjoy good depreciation, with no immediate capital to outlay and have comfort in the length of the lease and in the strength and experience of the tenant.