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
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1. Property Summary
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 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
