Mystery Darwin local buyer snaps up Malak Caravan Park for $8 million

ONE of Darwin’s oldest carvan park sites, built on a prime piece of northern suburbs land, has been sold to a mystery local buyer for more than $8 million

One of Darwin’s oldest caravan park sites, built on a prime piece of northern suburbs land, has been sold to a mystery local buyer for more than $8 million. Picture: Che Chorley

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ONE of Darwin’s oldest caravan park sites, built on a prime piece of northern suburbs land has been sold to a mystery local buyer for more than $8 million.

The sold sign went up on the 12 hectare Malak and KOA caravan park sites on McMillan’s Road at the weekend.

They were sold by Colliers International for long time Territory caravan park owner and developer Frank Morandini, who owns the Club Tropical Resort and Lee Point Caravan Park.

One of Darwin’s oldest caravan park sites, built on a prime piece of northern suburbs land, has been sold to a mystery local buyer for more than $8 million. Picture: Che Chorley

Colliers International commercial agency director Craig Inkster said the sale was an encouraging sign of confidence in the Malak Caravan Park’s future tourism potential.

“It is a commanding piece of real estate on two adjoining sites,” Mr Inkster said.

“We had a very strong response to our campaign, despite the fact we were running the campaign through the COVID pandemic. That speaks to the quality of property.

“It’s a facility with a lot of potential now that borders are slowly re-opening … we’ve achieved a good result in tough times.”

The property is adjacent to Darwin International Airport and approximately 14km from the Darwin CBD.

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The Malak caravan park has 192 powered ensuite sites and the KOA Caravan Park has 132 powered ensuite sites, interconnected by an internal network of sealed roads and grassed, landscaped grounds.

At the front of the property there is a three level reception facility featuring office, shop, laundry, toilet and managers residence.

Mr Inkster said more than half a dozen showed interest in the sites which was worked down to a short list.

“I think while the tourism industry is struggling with COVID more than most other industries, one sector of that industry that stands to do better and recover quicker is the self-drive market,” he said.

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“That’s probably part of the reason we have achieved the result we did.

“With the current border situation we could be in for a better drive market wet season than we would normally have in years gone past.