Eureka Group has entered into a conditional contract for the acquisition of a 60 room village in Salisbury Adelaide from an unlisted property trust for $3.1m and the associated business from the current operator for $1.5m.
Expected annualised EBITDA for the village is between $650k and $700k.
The Salisbury village contract is conditional for 30 days and is expected to settle and be integrated in late January 2016. Eureka has 9 further villages either under the due diligence process or in clear line of sight for acquisitions in 2016.
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