Investors entering caravan and retirement village markets: Ray White

Strong investor interest in the caravan park and retirement village market is continuing, with Sea Wings Village at Anna Bay sold for $6,993,000. It is an over 55s resort at Frost Road, Anna Bay.

The sale of the Port Stephens located village was negotiated by Ray White Commercial Burleigh’s Sam Johnson on behalf of a private seller. It is just one of four caravan parks sold in the Tweed region this year already, with the transactions totalling more than $12 million.

“This latest transaction was conducted off market,” said Johnson.

Multiple offers were achieved on the back of his database within 48 hours of sending out information about the property.

It includes 150 manufactured houses, a manager’s office and residence, swimming pool, tennis court and community hall. The business earns a gross annual income of $1 million per annum.

“Caravan parks and manufactured housing estates are playing an increasingly important role in meeting the housing requirements of the ageing population in Australia,” he said.

“Both institutional investors and cashed up private investors are entering this sector of the market, chasing the secure income afforded by these assets.”

The new owner is a Sydney-based private fund.