HTL Property is pleased to announce the successful off-market sale of Frenchview Lifestyle Village, a modern residential community located in Grantville; approximately 100 kilometres south-east of Melbourne. The property was acquired by ASX-listed Eureka Group Holdings Limited for $7.5 million, reflecting an initial yield of 7.9%; and following a discreet, off-market acquisition process.

The asset, sold to Eureka Group, was completed on behalf of a private investment syndicate, demonstrating institutional demand for well-established lifestyle villages that are underpinned by secure rental income and strong demographic fundamentals.

The acquisition complements Eureka Group's expanding all-age rental platform and aligns with the company's strategy to increase exposure to regional Australian markets benefiting from population growth, housing affordability pressures and an ageing demographic profile. Frenchview Lifestyle Village represents a highly stable asset within one of Victoria's fastest growing regional lifestyle destinations.

Andrew Jackson, National Director of HTL Property, led the off-market transaction and described Frenchview Lifestyle Village as "a proven, income-secure residential community with exceptional demographic support and a long runway for organic growth."

Situated on a 1.48-hectare site with direct beach access, Frenchview Lifestyle Village comprises 103 home sites, the majority of which are occupied by permanent long-term residents. The accommodation mix includes resident-owned manufactured homes, park-owned long-term rentals, annual sites and homes currently available for sale - a powerful product mix, delivering a predominantly passive and stable income profile. The village operates with a simple, low-intensity management model supported by a newly constructed manager's residence and reception facility.

Since 2017, the property has undergone a comprehensive redevelopment and repositioning program totalling approximately $1.89 million in capital expenditure; transitioning the asset from a traditional tourist park into a modern, well-presented residential lifestyle village. Recent upgrades include new internal roads, community facilities, electrical infrastructure, landscaping and a new manager's residence; all programs significantly reducing future capital requirements.

"Frenchview Lifestyle Village benefits from its coastal setting, proximity to Melbourne, and location along the Bass Coast, where more than half the population is aged over 50. The village has experienced strong demand for homes, with many being sold 'made-to-order', underscoring the depth of demand for affordable seaside living in this market," added Jackson.

Frenchview Lifestyle Village is positioned within walking distance of local shops, medical services and amenities, and is well connected via the Bass Highway. The broader Bass Coast region continues to experience strong population growth, further underpinning demand for affordable, low-maintenance housing options.

"The asset's stable income profile, quality improvements, and strong coastal demographics are identified as the key drivers attracting successful purchaser to the acquisition," added HTL Victorian Director, Scott Callow.

"This transaction highlights the enduring appeal of the land-lease and caravan park sector, which consistently demonstrates remarkable resilience during economic downturns. Underpinned by a non-discretionary demand for affordable housing, these assets provide stable, defensive cash flows that shield investors from broader market volatility. As cost-of-living pressures rise, the sector benefits from a permanent baseline of residents seeking budget-conscious living options; which in turn ensures sustained occupancy and long-term capital preservation," Callow concluded.

The purchase of Frenchview Lifestyle Village forms part of Eureka's ongoing expansion strategy, with the Group likely to announce additional acquisitions under active due diligence as it continues to scale its all-age rental portfolio across Australia.