- Purchased from a private family.
- Located on a 4.04 ha site along Mandurah Terrace.
- Licensed for 205 sites and currently utilising 191.
The Mandurah Coastal Holiday Park has been acquired from a private family by Equinox Group for $13 million. The sales campaign attracted over 60 direct enquiries from a range fo operators, investors, and developers, according to Knight Frank‘s Cory Dell’Olio.
The property is said to be the last remaining holiday park in the heart of Mandurah, and is located along 153-169 Mandurah Terrace. Spanning 4.04 hectares, the property is some 400 metres from the beach and three kilometres from the Mandurah Marina.
“The Mandurah Coastal Holiday Park is a strong trading holiday resort and lifestyle village in a premier tourist destination close to Perth,” said Dell’Olio.
“The market for mixed-use caravan parks from owner-operators, investors and larger accommodation groups is strong.
“These assets have maintained steady returns, even in softer economic times, due to the ongoing demand for affordable accommodation from tourists, retirees, and short-stay labour force.
“The holiday park enjoys a monopoly position given it is the only park in close proximity of the Mandurah town centre and services both tourists, permanent and semi-permanent patrons,” added Dell’Olio.
Mandurah Coastal Holiday Park is licensed for a total of 205 sites, with 191 currently in use. The sites are configured to include 25 accommodation units, 24 grassed tourist sites, 63 concrete tourist sites, and 79 permanent sites.
Knight Frank’s Tony Delich added that the property is ripe for development.
“The site has a development guide plan valid to August 2030 for a mixed-use project including multilevel apartments and a neighbourhood shopping centre.
“The site is divided into 11 separate land titles providing flexibility for future development into staged parcels.”
