Location

Property Types

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

Tenure Type

Tenanted Investment

Investment Potential

Back

Select Suburbs

Refine Search

Back

Select Categories

Car Dealership
Co-working
Consulting Rooms
Mixed Use
Strata Office
Whole Building
Office/Warehouse
Agricultural
Hotel
Block of Units / Flats
Health Care & Medical
Strip Retail
Aged Care/Retirement
Serviced Apartments
Warehouse Showroom
Commercial
Office Suites
Shopping Centre
Boarding Houses
Lifestyle/Hobby Farm
Large Format
Resort
Full Floor Office
Car Park
Logistics Building
Child Care
Caravan Park
Business Park
Serviced Offices
Vets
Service Station
Hard Stand
Education/Schools
Cafe/Restaurant
Winery
Storage Facility
Camping Ground
Pub/Bar/Nightclub

Watch

Your home of Commercial Ready videos

Watch

All Videos

Save

Enquire

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

Tenanted Investment

Images

Properties / Buy / New South Wales / Waverley

Tenanted Investment

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

Property Summary

Selling Method

EOI

Selling Details

Contact Agent

Land Area

2,248 m² (*approx)

Floor Area

2248 m² (*approx)

Property Type

Child/Healthcare, Aged Care/Retirement

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