Popular Queensland caravan park snapped up for $27.5m
NRMA to continue Agnes Water Holiday Park management on new 35 year lease
One of Australia’s most popular caravan parks, NRMA Agnes Water Holiday Park has changed hands following a $27.5 million acquisition by Queensland-based G & R Kratzmann Property Investments.
Operated by NRMA Parks and Resorts, the asset boasts a variety of accommodation options for holiday goers including caravan sites, cabins, villas and camping sites, across a total of 133 lots.
The park occupies a substantial 35,700sqm block ideally located along absolute beach frontage at Agnes Water, the closest access point to the southern Great Barrier Reef and the most northerly surf beach in Australia.
Having been owned by family entity Australian National Homes for 13 years, the site has changed hands with a new, triple-net 35-year lease to NRMA Parks and Resorts.
CBRE senior director, Paul Fraser who along with his colleague Senior Manager, Dillon Murphy steered on-market expressions of interest, said the campaign generated a record level of market interest for an asset sale, with more than 280 enquires.
“This signifies the true strength and substantial level of demand for high-quality regional accommodation assets in Queensland,” he said.
“Given the significant logistical barriers for people looking to travel overseas, domestic travel has become the trip of choice for many travellers looking to explore their own backyard.
“This has led to continued strong performance in the drive-markets across regional Queensland.”
Over the past two years, Agnes Water has become one of Queensland’s most recognised and popular tourism destinations.
With tourism growth in excess of 100 percent year-on-year, last year Agnes Water received ‘Top Small Tourism Town in Queensland 2021’ status from the Queensland Tourism Council.
Gary and Ann Kratzmann, who owned the well-known Kratzmann Caravans business which retailed caravans on the northside of Brisbane before selling to Apollo RV sales four years ago, said they were excited about this acquisition, after years of being in the retail caravan park industry.
“It has always been an ambition of ours to own a park ourselves,” Mr Kratzmann said.
“I feel privileged to be able to secure one of Australia’s best caravan parks, that my family will enjoy for generations to come.”
CBRE’s Mr Murphy added: “This sale has highlighted the continued strength of blue-chip tenanted assets providing investors with a strong long-term annuity of income.”
Mike Parker-Brown is a UK-trained and qualified journalist and an award-winning travel communicator with more than 30 years experience.
Since 2002, Mike has worked as a freelance writer and PR consultant providing his services to major organisations in Australia and internationally in the tourism, aviation, hospitality, recruitment and export marketing sectors.
