Knight Frank and Terry McBratney and Associates are pleased to offer for sale Seaspray Beach Caravan Park, 79 Church Street, Dongara.
The sale of Seaspray Beach Caravan Park presents an opportunity to acquire a significant leasehold and freehold landholding, a long-established holiday park and the only one remaining in the heart of Dongara, our premier tourist destination.
The Caravan Park occupies a prime location, conveniently located directly across from the pristine beaches of Dongara. It is situated approximately 350 kilometers north of Perth, making it easily accessible for both local and international tourists.
Seaspray Beach Caravan Park is a tourist village, located approx 2.4 km's from the Dongara Town Centre, on the beachfront at the mouth of the Irwin River located behind the park.
Key Investment Highlights:
Conveniently located with easy access to the beach, Dongara Town Centre, and Marina. The Seaspray Caravan Park offers long and short stay accommodation and enjoys a very high occupancy and trading history. (Shire of Irwin is unlikely to approve any caravan parks on the bachfront in the future).
A total Leasehold land area of 19,466 sqm* and 3783 sqm* of Freehold land. Current application for a further 7,339 sqm* of Leasehold land (approval pending) expanding the site to the north and south of the site.
- Zoning: 'Commercial Special Use' under the local planning scheme No. 5, Shire of Irwin.
- Site Leasehold Term: 50 years from 1 July 2024.
- Accommodation: Comprises chalets, villas, apartments, budget cabins, 37 ensuite powered sites plus managers villa, reception/shop, campers kitchen, guest laundry, sunset shack, shared swimming pool and maintenance workshop.
- Approximate Net Profit: $773,225 for 2023/24 after non-cash add-backs.
- Asking Price: $5,950,000 to show 13% Net return.
- Growth Potential: Site allows for future staged development. Pending increase in securing extra leasehold land from the WAPC (imminent approval pending).
Approx*.
To arrange an inspection or further details, please contact the exclusive selling agents:
Tony Delich
M: 0418 926 410
Terry McBratney
M: 0408 554 444
