Start your search

Watch

Your home of Commercial Ready videos

Watch

All Videos

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

Enquire

+15 Photos

+17 Photos

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

Show All

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

Tenanted Investment