42 Victoria HighwayKatherine South NT 0850
Property Details for 42 Victoria Hwy, Katherine South
Last Listing description (January 2023)
Forge a lifestyle in the top end, an opportunity to purchase this multi-income stream leasehold Caravan Park which includes a Service Station and Kiosk. With a long term 26-year lease in place and showing good returns, this is the perfect lifestyle for an owner-operator couple.
This predominantly tourist park consists of eight well-appointed cabins and a two-bedroom donga, each fully fitted complete with cooking facilities, ensuite and flat-screen TVs. Well-presented ablution blocks, fully fitted modern laundry, swimming pool, dog run and shaded barbecue area. 39 powered sites (four drive-throughs) and each surrounded by grass. Manager's accommodation is a comfortable two-bedroom residence.
Positioned on a circa 10,000 sqm block means there is not endless lawn to mow making it easier to maintain. Conveniently located on the Victoria Highway only minutes to the centre of Katherine only three hours south of Darwin and four hours north of Tenant Creek. Make the lifestyle choice, move to the Top End and run your own caravan park.
- Long term lease in place 26 years remaining
- Top End lifestyle - perfect for owner-operators
- Small footprint circa 10,000 sqm easy maintenance
- Fuel tanks fully replaced by the landlord in Nov 21 and 48 KW solar system installed September 2019
- Multi-income stream including caravan park, fuel, liquor and food and beverage
- Property inspections are by appointment only
Property History for 42 Victoria Hwy, Katherine South, NT 0850
- 01 Dec 2022Listed for Sale $580,000 + SAV
- 12 Jan 2022Sold for $2,250,000
- 29 Jun 2021Listed for Sale $2,250,000
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0About Katherine South 0850
The size of Katherine South is approximately 6.2 square kilometres. It has 9 parks covering nearly 19% of total area. The population of Katherine South in 2011 was 1,405 people. By 2016 the population was 1,494 showing a population growth of 6.3% in the area during that time. The predominant age group in Katherine South is 30-39 years. Households in Katherine South are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Katherine South work in a professional occupation. In 2011, 34.4% of the homes in Katherine South were owner-occupied compared with 38.8% in 2016.
Katherine South has 731 properties. Over the last 5 years, Houses in Katherine South have seen a 17.25% increase in median value, while Units have seen a 12.51% increase. As at 31 October 2024:
- The median value for Houses in Katherine South is $321,883 while the median value for Units is $233,072.
- Houses have a median rent of $443 while Units have a median rent of $325.
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