Eureka Group Holdings (ASX: EGH) Acquires Mixed-Use Caravan Park on Queensland’s Fraser Coast

Fri 02 May 25, 05:42 AM |

Image source: Shutterstock

Highlights

Acquisition includes 3.89-hectare Burrum River Caravan Park near Hervey Bay.

99-site park offers a mix of MHE, tourist, and short-term accommodation.

Potential for long-term rental expansion, subject to Council approval.

Eureka Group Holdings Limited (ASX: EGH) has announced the acquisition of Burrum River Caravan Park, a mixed-use property situated on Queensland’s Fraser Coast between Hervey Bay and Maryborough. The $5.3 million acquisition aligns with the company’s broader strategy of investing in income-generating rental assets, particularly in regions experiencing housing shortages.

The 3.89-hectare freehold park comprises 99 accommodation sites, including 55 Manufactured Housing Estate (MHE) homes, 4 cabins for short stays, 37 powered caravan sites, and 3 short-term campsites. Additional amenities include a manager's residence, communal facilities, and a swimming pool.

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