867 Lake Mokoan Road
Chesney Vale VIC 3725
- 3 Bed
- 2 Bath
- 1 Park
$1,175,000
Lake Mokoan Caravan and Accommodation Park
BUYER OPPORTUNITY – ACQUIRE & EXPAND LOCAL NORTH EAST CARAVAN PARK TO MEET THE HUGE ACCOMMODATION DEMANDCaravan Parks are only rarely offered to market but one in regional Victoria with a strong history, excellent current property assets and significant scope for expansion and to cater for a strong rental demand for permanent or seasonal cabin style accommodation is for private sale at an attractive price of $1,175,00 on a walk in walk out basis.
The Lake Mokoan Caravan Park is at 867 Lake Mokoan Road at Chesney Vale via Benalla, with puts it within twenty minutes of the major regional cities of Benalla and Wangaratta with the important tourist destination of Glenrowan even closer.
Another vital local centre Winton with its motor raceway is also close by.
The property has an attractive rural freehold area of 5.114 hectares, or 12.63 acres, with a main bitumen road frontage which presents as an attractively treed, garden, lawned and pastured holding.
Moreover, it sits opposite the 8,750 hectare Winton Wetlands a project of national scientific, cultural and environmental significance.
It is judged as the largest wetland restoration project in the southern hemisphere.
A recent residential subdivision, the Lake Mokoan Lakeside rural residential development is also within easy reach and is rapidly being built up with quality new home construction.
The Lake Mokoan Caravan Park has thirty powered sites, twelve of which currently have permanently tenanted cabin or caravan style dwellings.
These show a gross annual rental income of some $65,000.
There is also a substantial on site sewerage system plus significant water resources, which include approximately 225,000 litres of rainwater or tank storage, plus a licensed pump and diversion right to extract 8.4 megalitres from the wetlands via the installed and operating pump and underground pipeline system.
Three phase power is installed as are gas storage tanks and a range of complementary services.
The site also has a major amenities block with male and female showers and toilets, including disabled facilities, as well as a number of other useful buildings used for machinery and storage purposes.
There are thirty further permitted and powered and many unserviced sites the latter leading themselves to a glamping or yurt type short stay accommodation use.
Also on the property is an attractive, very comfortable and fully serviced three bedroom Victorian cottage style timber weatherboard home of twenty seven squares that the vendors occupy.
It has both veranda and deck areas with all building facilities and was built to a quality standard about twenty years ago and has been maintained to a high presentation by the vendors.
The vendor couple who are in their mid-seventies say that over recent years they have not followed up opportunities to expand or redevelop the park, other than to undertake ongoing maintenance and upgrades so that the property presents to a high standard.
"We are selling to retire after owning and living on this property for over twenty years" they say.
Their agent Dave Colvin notes that the local regional cities and townships that are within twenty minutes reach, have the same exceptional demand for rental accommodation as the Melbourne metropolitan area.
In addition, in the immediate local area are the Glenrowan and King Valley wine regions which along with other rural industries of the north east are finding it increasingly difficult to attract seasonal labour for tasks like pruning or grape picking because short stay or even-permanent rental accommodation is not available.
"There is simply strong labour demand from the full range of established local industrial and tourism businesses.
"The Lake Mokoan Caravan Park is licensed by the local Shire for sixty permanent sites under the Residential Tenancies Act 1997 (for Caravan Parks and Moveable Dwellings).
"If a buyer or family had a trades or building background and was able to build say one or two bedroom style self-contained accommodation cabins or units on this site our view is that these would be strongly sought and tenanted at say $300 or more weekly rental.
"Or such units could just be rented out at a similar dollar rate per night as tourist or visitor short stay accommodation.
"The Lake Mokoan Caravan Park in our view is extremely well located to cater for the strong accommodation demand for residential living in support of the many local job and work opportunities that are on offer.
"This property presents very attractively where the vendors over their long ownership have created many facilities and services ready for future expansion.
"I invite parties interested in creating a substantial rental accommodation facility to inspect this attractive property and to see the opportunity it currently presents for further development in the strongly growing north east of the state, which offers every community service, major transport corridors and linkages, and tourist features with living and working delights all within easy reach" Mr Colvin says.
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Features
General Features
- Property Type: Acreage
- Bedrooms: 3
- Bathrooms: 2
- Land Size: 5hect
- Living Areas: 1
Indoor Features
- Toilets: 2
Outdoor Features
- Garage Spaces: 1
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