Description

JLL Hotels & Hospitality Group presents for immediate sale Toboggan Hill Park in Nelson Bay NSW. The venue is a high cashflow business which is underpinned by freehold land, high-value tangible assets and outstanding historical trade figures.

This iconic tourism asset is positioned within the blue-chip Port Stephens region which is destined to benefit from sustained visitor growth and development upside within a leading Australian coastal market.

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Attributes

Building area gross

76 sm

Year built

1988

Land area gross

2.64 ha

Asking price

¥673,717,000

Media

Investment highlights

Key Investment Highlights:

Initial circa 17% yield YTD
Legacy opportunity sold by the original creators after 38 years of operations with increasing visitation and profitability year on year
Value underpinned by 2.6 hectares of prime underdeveloped freehold land plus 13.5-hectare Crown lease (secured to 2040)
Multiple future use options including accommodation, caravan park, childcare, and eco-tourism (STCA) within RE1 zoning
DA approval for installation of second toboggan run and enormous growth potential to drive revenue with additional attractions
Future enhancement from neighbouring 'Tomaree Sports Complex Master Plan' – a major council investment Blue-Chip Tourism Location
Regional drawcard in high demand Port Stephens location: 1.72 million annual visitors, central to the $5.0 billion Port Stephens economy
Large carpark availability to accommodate significant expansion

Toboggan Hill Park is available FOR IMMEDIATE SALE

For further information, please contact the exclusive appointed JLL agents.