The Turtle Sands Camping and Holiday Park (Australia) in the Mon Repos Conservation Park has been listed in public for the first time as the Queensland holiday asset sales boom continues.
The 5.3-hectare beachfront caravan park stands next to the recently-constructed AU$30 million Mon Repos Turtle Center and is a freehold parcel with over 300 meters of the Mon Repos Beachfront, according to a report.
East of Bundaberg, the park comprises beachfront cabins, camping, and caravan sites for a total of 106 sites. Development approval is also in place to expand the park to 127 sites and reposition services to provide visitors with glamping sites, studio apartments, bunkhouses, a pool, playground, and a beachfront lounge area.
Turtle Sands was built on the site of a cable station set up in 1893 for an undersea telegraph cable to New Caledonia, linking Australia with the world.
The park is owned by a Bundaberg family with Baker O’Brien Toll Lawyers founder David Baker as the principal. CBRE Hotels’ Hayley Manvell and Paul Fraser will manage the international EOI campaign that will close on June 30, 2022.
Mon Repos Beach has the most significant number of nesting marine turtles on the east coast of Australia. It is also the home to the largest population of the endangered loggerhead turtle in the South Pacific.
It also is the only region globally to have recorded four different sea turtle species nesting and hatching.
Manvell said the Mon Repos Turtle Center offered a key market with accommodation needs as guided tours run from November to March, attracting thousands of visitors to view the turtle.
“There are limited competing offerings in the region, particularly absolute-beachfront property with incredible demand for accommodation in the area,” Manvell said.
The Bundaberg region’s attractions also include national parks, the Southern Great Barrier Reef, and the Lady Musgrave and Lady Elliot islands.
Investors and corporate buyers have been flocking to caravan parks as an asset class to cash in on the rising demand and appetite for more Australian domestic tourism, following the lockdowns and higher prices for international travel.
Developers have been observing them with the hope of turning the properties into hotels.
Alceon sold its caravan parks earlier this year for AU$42 million. Meanwhile, the NRMA Agnes Water Caravan Park was sold in February for an estimated value higher than AU$25 million.
This article originally appeared on The Urban Developer.
Exciting news – Mon Repos Holiday Park in Queensland is up for grabs! Join the turtle conservation and beachfront living experience. Perfect for beach lovers and savvy investors. Let’s explore this gem!
Exploring Mon Repos sounds like a fantastic adventure. The blend of turtle conservation and beachfront living is truly special. It’s a gem for sure! Have you visited before? I had the most wonderful time there watching the baby turtles making their way to the sea.