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Eureka Secures Burrum River Caravan Park with 8.6% Yield, Eyes Long-Term Rental Growth
3:31am on Monday 2nd of June, 2025 AEST
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Real Estate
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Eureka Secures Burrum River Caravan Park with 8.6% Yield, Eyes Long-Term Rental Growth
3:31am on Monday 2nd of June, 2025 AEST
Key Points
Acquisition of Burrum River Caravan Park for $5.3 million at 8.6% initial yield
Mixed-use park with 99 sites including MHE homes, cabins, caravan and campsites
Plans to convert powered caravan sites into 32 additional long-term rental units
Five-year unlevered IRR projected at 17.3% with phased conversions
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