In a recent transaction that underscores the attractiveness of the Australian caravan park market, Enclave at Healesville has been sold for AU$5.2 million to an international investor.
This property, located in Badger Creek, Yarra Valley, approximately 64km northeast of Melbourne’s CBD, covers 2.6 hectares and includes a mix of 44 permanent residential sites and 27 holiday park accommodations.
The sale, managed by CBRE’s Australian Healthcare and Social Infrastructure and Hotels teams, occurred on April 26 and featured a base investment return rate of 15.01%.
With an existing portfolio of passive investments, the buyer is expanding their footprint in the lucrative caravan park space, as reported by The Weekly Source.
“The investor sees significant potential in the caravan park market and is strategically positioning to capitalize on its growth,” stated Marcello Caspani-Muto from CBRE.
He further emphasized the competitive nature of the market, noting that opportunities like this are rare and highly sought after due to their high yield potential compared to traditional commercial real estate assets.
The deal not only marks a significant investment in Victoria’s burgeoning caravan and holiday park sector but also highlights the ongoing interest of international investors in Australian real estate.
The transaction mirrors the pattern seen in the last public sale of Sunny Sands Residential Village in Inverloch, managed by the same CBRE team during the COVID-19 pandemic.
In light of the current market dynamics, properties such as the Enclave at Healesville are proving to be attractive investments. The sector offers considerable returns, especially in well-managed properties with potential for expansion.
“Private investors are fortunate to secure two to three assets of this type per year across the country at best,” noted Caspani-Muto, underscoring the scarcity and appeal of such opportunities.
For additional information and updates on the Australian caravan and holiday park market, interested parties are encouraged to visit villages.com.au.
This strategic move by an international investor adds to the growing list of significant transactions in the Australian caravan park sector and signals continued confidence in the long-term potential of this niche real estate market.