Another massive beachfront caravan park is being put on the market as investment experts say the holiday asset sales boom continues.
The Turtle Sands Camping and Holiday Park within the Mon Repos Conservation Park in Queensland is being publicly listed for the first time.
The Urban Developer publication reports that the 5.3ha beachfront caravan park neighbours the recently-built $30-million Mon Repos Turtle Centre, and is a freehold parcel with more than 300 metres of frontage on Mon Repos Beach.
Located just east of Bundaberg, the park – which is owned by a local family – currently comprises beachfront cabins, camping and caravan sites for a total of 106 sites.
According to Urban Developer, there is development approval in place to increase this to 127 sites and reposition services to offer glamping sites, studio apartments, bunkhouses, a pool, playground and beachfront lounge area.
CBRE Hotels’ Hayley Manvell and Paul Fraser will manage the international Expression of Interest campaign that will close on June 30.
Mon Repos Beach has the largest concentration of nesting marine turtles on Australia’s east coast, and Ms Manvell says the Mon Repos Turtle Centre brings in thousands of tourists to see the turtle.
“There are limited competing offerings in the region, particularly absolute-beachfront property with incredible demand for accommodation in the area,” she said.
Corporate buyers and other investors have been flocking to caravan parks recently, hoping to cash in on the demand and appetite for increased Australian domestic tourism after lockdowns and increased prices for international travel.
Urban Developer reports that developers have also been eyeing them in hopes to turn them into hotel assets.
I hope the new development is environmentally aware enough not to kill off the very turtle’s the tourists come to see. Because the building process and the increased foot traffic and lights from the new buildings could disrupt the turtle’s so much that it could push them to extinction: This would then be a lose, lose situation for everyone. My experience is the more ‘classy’ the development the more damage they do.
Lucy , I agree with your comments, and that this dilemma will be around long after us. For the sake of the natural environment , native species and sustainability, we all hope that overseeing authorities are looking at the “big picture”. Sensitive , low level development , solar / wind power and water recycling should alleviate some your concerns. Without a detailed development plan, it is hard to comment further.