CP Port Zelande

Port Zelande 2, Ouddorp, Zuid-Holland, 3253 MG, NL

Description

Center Parcs Port Zelande, consists of 701 accommodation units (Atream holds 96 cottages, 40 apartments and 13,780 sqm central facilities). Central facilities include 7 F&B outlets, 3 retail units, a supermarket, a bowling ally, and a swimming pool.

...

Attributes

Building area net

93 m²

Year built

2000

Media

Investment Highlights

Key Investment Highlights:

One of the most sought-after holiday parks in the Netherlands and in operation since 1990, totalling 701 cottages & apartments and 13,870 sqm of central facilities
The park boats a unique location in between the Grevelingenmeer and the Northsea, located on the 7th Delta Works, creating a unique natural surrounding including direct sea access from the park
The freehold park is fully leased to Pierre & Vacances (Center Parcs), paying a triple net rent, with strong underlying trading performance (2.4x rent cover)
Ongoing discussions with Center Parcs to renew the existing lease (8 years unexpired) to a new 15-year lease, subject to a full CapEx to reposition the park and drive further revenue and subsequent rent
Zeeland, a province in the Netherlands, welcomed a record 3.1m tourists in 2024, including 1.2m Germans, as Dutch tourists rediscovered the province during the pandemic