Blue Heron Holiday Park is a very simple business that is ideally suited to an owner operator, provides a healthy income with significant growth potential and excellent lifestyle and is underpinned by a coastal real estate investment.
Refurbishment
Since we have owned the property the buildings and grounds have undergone significant renovations and upgrades. The primary focus of refurbishment has been to improve the customer experience, (in order to drive growth) and minimise on-going maintenance requirements.
Given its revenue, the park has remarkably low operational overheads and we continue to find opportunities to drive costs down. We have invested a large portion of our cash surplus into projects such as replacing roofs on several buildings (including the main house, lower ablutions, communal kitchen, BBQ house) hard landscaping, replacing curtains, carpets, appliances etc.
Future Growth Potential
Blue Heron is the only commercial accommodation operator around Whangarei Heads. The next closest is Flames hotel at Onerahi. The only other accommodation providers are B&B operators (ranging from basic to luxury). It is also one of only two holiday parks remaining in the area and the only one with accommodation and that operates year round.
The self-contained accommodation is in high demand as they provide the only motel facilities in the area. There is significant potential for more self-contained facilities at Blue Heron.
Blue Heron also has the only shop in a 7 km radius and a built in client base of permanent residence at Manganese Point. We scaled back shop hours and operations purely for our own convenience. There is demand from our guest and locally to grow the shop, provide additional equipment rentals (we currently only rent out Kayaks) and to provide coffee or a small café/restaurant.
Other options
The park is in two titles. It would be possible to run a scaled back park on one of the titles and sell off the other.
The park may also be suitable for shared ownership, a trust, interest groups, residential development or simply private ownership.
The property and business combined is very suitable to support a permanent residence application as an investor. It’s sale to an overseas purchaser has been approved by the OIO in the past.
The property is zero rated for GST. Our assumption is it will be sold with the business as a going concern therefore the price will be +GST if any.
Refurbishment
Since we have owned the property the buildings and grounds have undergone significant renovations and upgrades. The primary focus of refurbishment has been to improve the customer experience, (in order to drive growth) and minimise on-going maintenance requirements.
Given its revenue, the park has remarkably low operational overheads and we continue to find opportunities to drive costs down. We have invested a large portion of our cash surplus into projects such as replacing roofs on several buildings (including the main house, lower ablutions, communal kitchen, BBQ house) hard landscaping, replacing curtains, carpets, appliances etc.
Future Growth Potential
Blue Heron is the only commercial accommodation operator around Whangarei Heads. The next closest is Flames hotel at Onerahi. The only other accommodation providers are B&B operators (ranging from basic to luxury). It is also one of only two holiday parks remaining in the area and the only one with accommodation and that operates year round.
The self-contained accommodation is in high demand as they provide the only motel facilities in the area. There is significant potential for more self-contained facilities at Blue Heron.
Blue Heron also has the only shop in a 7 km radius and a built in client base of permanent residence at Manganese Point. We scaled back shop hours and operations purely for our own convenience. There is demand from our guest and locally to grow the shop, provide additional equipment rentals (we currently only rent out Kayaks) and to provide coffee or a small café/restaurant.
Other options
The park is in two titles. It would be possible to run a scaled back park on one of the titles and sell off the other.
The park may also be suitable for shared ownership, a trust, interest groups, residential development or simply private ownership.
The property and business combined is very suitable to support a permanent residence application as an investor. It’s sale to an overseas purchaser has been approved by the OIO in the past.
The property is zero rated for GST. Our assumption is it will be sold with the business as a going concern therefore the price will be +GST if any.