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Property Ref: 4405
Glenavy’s Waitaki River Motor Camp – Tap into the Booming Tourism Industry
Property Type: Development Site, Holiday Parks / Caravan Parks, Development Opportunities
Sale Type: Freehold Going Concern
Physical Address: 7-9 Cherry Lane, Glenavy Township, RD10, South Canterbury
Price: Freehold Going Concern - Expressions of Interest Invited
Broker: Peter GaleMobile: +64 21 608 107
The owners Anne & Joe have put their heart & soul into this business, but they now wish to pursue other interests.
They purchased a very run-down camp-ground with no business at all and in 4 ½ years have developed it into a superb Qualmark-rated 4-star motor camp.
They have just been awarded the 2018 Tripadvisor Certificate of Excellence for the second time. This is for the consistent achievement of high ratings from travellers. Booking.com is rating around 8.9% – Fabulous.
After significant development and upgrading of the grounds and buildings, the business is now starting to show reasonable return which is improving month by month.
In the first 8 months of this financial year they are up by approximately 35% turnover on the same period last year and steadily improving.
There are all sorts of options for new owners including adding additional cabins and/or powered sites or perhaps subdividing some of the spare land.
This must be seen to be appreciated! Featuring a substantial land-holding, outstanding location and well-maintained grounds and modern amenities this business currently consists of the following:
- 3 x freehold land titles total 1.8169 hectares as per:
- 4 x modern cabins
- 2 x caravans
- 36 x large powered site
- Recently added 2-bdrm owner/manager accommodation and office
- Amenities block with showers, toilets, and laundry facilities, kitchen and new lounge/TV room with outdoor covered dining area
- EV ‘friendly’- Electric vehicle charger, Britz has just purchased 10 electric motorhomes and Glenavys Waitaki River Motor Camp is on their itinerary.
There is considerable scope for further development on the back of rapidly increasing visitor numbers. Guests are a good mix of Kiwis and International travellers. Because this business is just in its infancy the current trading figures do not reflect the massive potential. As such there is minimal goodwill factored into the owner’s price expectations.
Expressions of interested are invited from parties with the indicative price range being NZ$750,000 – $1M (plus GST if any)
If the price is right, the owners will also include an additional Freehold section which has its own power and water and runs adjacent to the camp boundary [1,420m2]
Full Listing Information for this Tourism Business will be disclosed to registered, approved Potential Purchasers.
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Financials & Occupancy 2015 - 2019
Title for Lot 2
Title for Lot 23
Title for Lot 24
Title for Lot 25
Property TypeDevelopment Site
Holiday Parks / Caravan Parks