Agent tips strong interest as Gold Coast park hits market

THE popular four-star Gold Coast Holiday Park at Helensvale is up for sale.

Agent Andrew Jackson believes there will be strong interest in the pet-friendly 32-acre park, which offers 127 pitches for touring caravanners and is popular with southern grey nomads seeking winter sunshine.

The park, which has earned the coveted Tourism Accreditation Australia tick, also has permanent caravan sites, manufactured homes, a 29-room motel and conference centre.

A member of the Top Tourist chain, the park is located alongside the M1 motorway in the Gold Coast's theme park area. It last changed hands in 2001 for $3 million.

The business is being marketed by Mr Jackson and Mark Witheriff, of CB Richard Ellis Gold Coast.

Mr Jackson believes the park's strong consistent cash flows will attract strong interest from investors and owner occupiers seeking solid returns.

“The park and motel operations both provide high cash flow businesses, underpinned by the proportion of permanent residents in this quality caravan park, providing consistent revenues,” he said.

"There is also the opportunity to achieve revenue growth through further development of the permanent portion of the park, plus annual tariff and rental increases."

Mr Witheriff said the park sector was well placed to temper the effects of the economic downturn.

"There is no question we are in challenging economic times. However, I am optimistic about the park sector outlook for 2009 and beyond,” he said. "In these uncertain times we see fewer Australians holidaying overseas and more electing for more affordable domestic holiday options."

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