905 Manly Road,
Tingalpa, QLD 4173

The Nestle Inn Tourist Village represents a very rare opportunity to acquire a freehold going concern tourist and manufactured home park on a substantial landholding, within minutes of shopping/retail precincts, major transport links and only 12km from the Brisbane CBD.

Property Features include:

- The property is licensed for 172 permanent sites and 31 holiday cabins. Accommodation consists of 86 cabins (holiday and permanent), 81 powered sites and 36 campsites.

- Strong cash flow from existing, stable business with opportunity to achieve upside through reconfiguration and implementation of operational efficiencies and expansion.

- The business recorded an adjusted net profit of circa $1M in the year end June 2009.

- A significant land parcel of 6.97Ha*, zoned Emerging Community Area, with frontage to Manly Road offering city skyline views from the elevated areas

- Well located to the major transport links, local amenities and attractions, sporting infrastructure, and in an emerging suburb, experiencing steady residential growth.

- High underlying land value offering future redevelopment potential (STCA)

- Opportunity to increase the number of cabins/villa's on-site to drive revenues of the existing business

This is a rare investment offering in a tightly held sector of the market. For further information please contact the exclusive agents listed below.

Andrew Jackson - 07 5581 2082 / 0405 355 972 / andrew.jackson@cbre.com.au

Paul Nyholt - 02 9333 3428 / 0408 581 883 / paul.nyholt@cbre.com.au

For Sale by Public Auction: Wednesday 14th October, 2009 at 11:00am.
Venue: Brisbane Polo Club, 1 Eagle Street, Brisbane

*Approximate