Alpine Adventure Holiday Park for sale with long term lease
A popular Hanmer Springs holiday park, established in the 1930s, is on the market for the first time in a decade.
Covering 7.9ha, Alpine Adventure Holiday Park is at the foot of Jack’s Pass.
Family owned, the park is set on the site of an historic staging post, once used by drovers and musterers bringing stock through to Molesworth Station.
Today, this is still the largest working farm in the South Island High Country.
Will Franks, an Investment Sales Broker with Colliers International in Christchurch, says the park has a long term 18-year lease returning $100,000 net income annually.
“Alpine provides investors with all the key fundamentals so keenly sought after in the market at present, including a long lease term, proven tenant covenant, and the surplus land offers future add value opportunity for any incoming purchasers.
“There’s a real mix of people using the holiday park and so many return year after year. The owners were telling us that some families are now in their third generation of families camping there.
“Along with the existing loyal customer base, the tourism industry continues to be strong in the Hurunui region.”
Popular with school groups, domestic and international visitors, the park features a 40-bed lodge, together with tourist flats, chalets, cabins, powered and non-powered sites. Facilities include a games room, and adventure playground.
Growing steadily since 2000, Hanmer’s current population now stands at 1,000. The township has about 180 businesses employing 570 people.
Hanmer is a mecca for tourists throughout the year, with 530,000 people visiting the town in the past year, a quarter of whom were international tourists.
A key drawcard is the Hanmer Springs Thermal Pools and Spa, which has steadily expanded over the years in response to growing demand.
The pools have been publicly owned since 1883 when the Government Lands Department took over the development of the Thermal Pools area.
They’ve grown from a simple bathing area to a multi-million dollar attraction that is still in public ownership, under the Hurunui District Council. Today they are one of the largest employers in the Hurunui District.
Alpine Adventure Holiday Park goes under the hammer at 10am on Thursday March 7, unless sold prior.
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