Caravan park at Woronora sells through CBRE Hotels

A private buyer has secured a foothold in the caravan park market, after recently acquiring the Woronora Village Tourist Park south of Sydney for $6.75 million.

Located in the Sutherland Shire region, the Woronora Village Tourist Park comprises 67 sites on a 9,017sqm landholding.

The Woronora Village Tourist Park, located at 1 Menai Road, generates an annual income of approximately $600,000.

CBRE Hotels’ Andrew Jackson negotiated the deal on behalf of Mona Enterprises Pty Limited, with the sale representing an initial yield of 9.31% and site rate of $98,881.

Mr Jackson said the sale result was evidence of recent intensified demand.

The Woronora Village Tourist Park also includes a three bedroom manager’s residence, park office, amenity block and extensive grounds.