Key Investment Insights
AI generated. Confirm details with the seller.
1. Two established Residential Land Lease Communities located in highly sought-after areas on the Queensland coast - Hervey Bay and the Sunshine Coast.
2. Both assets are popular over 50's lifestyle villages with a total of 148 well-presented homes.
3. Cooroy Village comprises 68 fully occupied homes with an average site rent of $433 per fortnight and a rent roll of approximately $30,000 per fortnight.
4. Annual rental increases are built into all residential site agreements, providing a steady and increasing income stream.
5. The assets are low-cost and require minimal management and CAPEX, making them highly profitable and passive investments.
6. Quality facilities are included in both communities, such as a swimming pool and large community center.
7. Tranquil hinterland location for Cooroy Village, with easy access to town and opposite a golf course.
8. Rare opportunity to acquire one or both assets, as Residential Land Lease Communities are not often available on the market.
9. Total income for each asset has built-in annual increases in perpetuity.
10. Cooroy Village and Sugar Coast Village, along with Traralgon Village in Victoria, are being offered for sale 'in-one-line' or individually.
