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Queens Park Retirement Village, 140 Carrington Road, Waverley NSW 2024

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Queens Park Retirement Village, 140 Carrington Road, Waverley NSW 2024

Queens Park Retirement Village, 140 Carrington Road, Waverley NSW 2024

Properties / Buy / New South Wales / Waverley
Tenanted Investment

1. Property Summary

Selling Method
EOI
Selling Details
Contact Agent
Land Area
2,248 m² (*approx)
Floor Area
2248 m² (*approx)
Property Type
Child/Healthcare
Sub-type
Aged Care/Retirement
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2. Property Highlights

Queens Park Retirement Village
  • Management Business
  • Partial Freehold Ownership
  • A-Grade Location
Colliers are excited to offer the management of Queens Park Retirement Village and partial strata ownership to market for sale via Expressions of Interest closing 3:00pm Thursday, 1 June 2023.

Occupying a substantial allotment adjoining a newly developed BUPA Aged Care facility, the property enjoys versatility in its usage with optimal upside potential via repositioning.

We summarise the key highlights below:

- Favourable demographics with a high proportion of the population at retirement age.
- Strong Eastern Suburbs location with a median house price exceeding $3.3mil*.
- Established village with 42 independent living units / serviced apartments.
- Freehold strata ownership of 27 lots out of 42.
- Competitive price point with NSW stock value typically in the vicinity of $600,000 per apartment*.
- Demonstrated CAPEX and maintenance works undertaken.
- Potential for progressive buy back as residents depart and conversion to loan/lease tenure or alternate use.

*according to downsizing.com.au and realestate.com.au as at April 2023

For further information don’t hesitate to contact the exclusive selling agents.
 

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

1. Property Summary

Property Type
Child/Healthcare
Sub-type
Aged Care/Retirement
Land Area
2,248 m² (*approx)
Floor Area
2248 m² (*approx)
Selling Method
EOI
Selling Details
Contact Agent

2. Property Highlights

Queens Park Retirement Village
  • Management Business
  • Partial Freehold Ownership
  • A-Grade Location
Colliers are excited to offer the management of Queens Park Retirement Village and partial strata ownership to market for sale via Expressions of Interest closing 3:00pm Thursday, 1 June 2023.

Occupying a substantial allotment adjoining a newly developed BUPA Aged Care facility, the property enjoys versatility in its usage with optimal upside potential via repositioning.

We summarise the key highlights below:

- Favourable demographics with a high proportion of the population at retirement age.
- Strong Eastern Suburbs location with a median house price exceeding $3.3mil*.
- Established village with 42 independent living units / serviced apartments.
- Freehold strata ownership of 27 lots out of 42.
- Competitive price point with NSW stock value typically in the vicinity of $600,000 per apartment*.
- Demonstrated CAPEX and maintenance works undertaken.
- Potential for progressive buy back as residents depart and conversion to loan/lease tenure or alternate use.

*according to downsizing.com.au and realestate.com.au as at April 2023

For further information don’t hesitate to contact the exclusive selling agents.
 

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
James Cowan
James Cowan
+61 *** *** *** show +61 425 337 691
Message
+61 425 337 691 james.cowan@colliers.com Message
Matthew Meynell
Matthew Meynell
+61 *** *** *** show +61 413 988 878
Message
+61 413 988 878 Matthew.Meynell@colliers.com Message

Download Development Site Report

3. Property Location

Queens Park Retirement Village, 140 Carrington Road, Waverley NSW 2024

Property Map
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Queens Park Retirement Village, 140 Carrington Road, Waverley NSW 2024 Waverley
Enquire
Colliers - Sydney CBD
Colliers - Sydney CBD
Level 30, Grosvenor Place, 225 George Street Sydney NSW 2000
View Agency Profile
James Cowan
James Cowan
+61 *** *** *** show +61 425 337 691
Matthew Meynell
Matthew Meynell
+61 *** *** *** show +61 413 988 878
Enquire
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