Ballina Lakeside Holiday Park sells for $16.5 million
Jonathan ChancellorDecember 7, 2020
The Aspen Parks Property Fund (APPF) has bought the Ballina Lakeside Holiday Park on the New South Wales north coast.
It was bought for $16.5 million on a 10% yield.
It is a mixed-use property which includes 83 permanent residential sites and 144 short stay sites.
The 5.44 hectare property is about 500 metres from the beach and is part freehold and part leasehold.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.