EGH.ASX: Acquisition of Sunset Beach Holiday Park

Acquisition of Sunset Beach Holiday Park

Stock	Eureka Group Holdings Ltd (EGH.ASX)
Release Time	20 Aug 2026, 9:22 a.m.
Price Sensitive	Yes

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Eureka Group Acquires Sunset Beach Holiday Park

Key Points

Acquisition of Sunset Beach Holiday Park in Geraldton
Purchase price of $16.8 million with a 10.0% ingoing yield
58 new land lease homes to be developed and sold
Expected 17.1% target five-year unlevered IRR

Full Summary

Eureka Group Holdings Limited (ASX: EGH) has executed a contract to acquire Sunset Beach Holiday Park, a combined holiday park and lifestyle village in Geraldton, Western Australia. The acquisition includes 245 sites, including a beachfront holiday park, workforce accommodation, and a partially developed land lease community. The purchase price is $16.8 million, reflecting an ingoing yield of 10.0%. Eureka plans to develop and sell 58 new land lease homes, increasing permanent sites from 43 to 104, and deliver a five-year unlevered IRR of 17.1%. Geraldton's rental market is tight, with a 1.1% vacancy rate and a median house price of $552,500.

Outlook

Eureka expects the acquisition to be immediately earnings accretive and deliver a five-year unlevered IRR of 17.1%.