Drive market humming with Agnes Water deal

The view from an NRMA Agnes Water Holiday Park cabin.

Ann and Gary Kratzmann, who in 2017 sold their eponymous Brisbane caravan dealership to Apollo RV, have snapped up a drive market investment between Bundaberg and Rockhampton.

The NRMA Agnes Water Holiday Park, on a 3.57 hectare waterfront site at 36 Jeffery Court, near Round Hill Road, is costing $27.5 million, reflecting a four per cent yield.

The resort abuts Tom Jeffery Park and Agnes Water Main Beach.

The vendor, the family entity of Australian National Homes, acquired it in 2009 – just after the Global Financial Crisis.

With 133 lots – a mix of cabins, villas and caravan and camping sites – it was offered this time around with a freshly inked 35 year triple-net lease, to NRMA Parks and Resorts.

CBRE’s Paul Fraser and Dillon Murphy, of the Brisbane office, were the agents.

Locals, nomads drive boom

The Kratzmanns banked $15.6m selling their Kratzmann Caravans business to ASX-listed Apollo.

They pocketed another $10.33m shortly after, offering that business’ Burpengary office/showroom with a two year leaseback.

“Given the significant logistical barriers for people looking to travel overseas, domestic travel has become the trip of choice for many travellers looking to explore their own backyard,” Mr Fraser said of the Agnes Water sale.

“This has led to continued strong performance in the drive market across regional Queensland,” according to the executive (story continues below).

Other brokers have reported a significant number of grey nomads – in caravans and motorhomes – are traveling this winter after a two year hiatus.

Agnes Water is the closest access point to the southern Great Barrier Reef, CBRE said.

Australian National Homes is led by Dan and Tosh Murphy.

Legacy asset

Mr Kratzmann described the property as one of the country’s best caravan parks and a legacy family asset.

“We are excited about this acquisition,” he said.

“After years of being in the retail caravan park industry, it has always been an ambition of ours to own a park ourselves,” he added.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of