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

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

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3. Property Location

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

Property Map

4. Due Diligence

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Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Queens Park Retirement Village, 140 Carrington Road, Waverley NSW 2024 Waverley
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