Closed
Chalet Investment Opportunity - EOI
Tender ID: 471500
Tender Details
Organisation:
Tender #:
-
Status:
Closed
Publish Date:
27 September 2021
Closing Date:
9 October 2021
Tender Description
The Shire of Pingelly is seeking Expressions Of Interest (EOI) for a unique investment opportunity.
The Shire is specifically seeking EOIs to purchase chalets at the Pingelly Caravan Park for the construction cost of 120,000-$150,000 each. Each investor will be the full owner of their chalet and receive the full profit after expenses for this investment. It is expected that visitors will pay $1080-$1140 for a chalet for a week. Figures are based on the Brookton Caravan Park.
These EOIs will provide evidence of leveraged funding for the Shire of Pingelly to apply for a Regional Economic Development grant to upgrade the Pingelly Caravan Park, including providing upgraded facilities for use by the chalet occupants, connection to services and to complete the Pingelly Caravan Park Masterplan (page 5).
It is anticipated that this Shire will construct and manage the chalets on behalf of the owners and that the owners will enjoy a passive income stream.
**No Closing date provided please confirm with issuer.**
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