1 Ferrells Road, Cooroy, Queensland
Cooroy Village
Under Contract / Offer
Business Description
HTL Property is pleased to offer for sale two Residential Land Lease Communities on the highly sought-after Queensland coast – Hervey Bay and the Sunshine Coast. Both assets are established Over 50’s Lifestyle Villages, together comprising 148 well-presented homes complemented by high quality facilities.
Cooroy Village
Key Investment Highlights
• Popular over 50’s lifestyle village on the prime Sunshine Coast
• Comprising 68 neatly presenting homes; fully occupied village
• Site rents average $433* per fortnight ; rent roll circa $30k* per fortnight
• Annual rental increases built into all residential site agreements
• Profitable ‘light touch’ asset in a highly desirable location
• Quality facilities inc. swimming pool and large community centre
• Tranquil hinterland location; walk to town and opposite golf course
Residential Land Lease Community assets such as these scarcely come to market. This is a rare opportunity to acquire one or two superbly located over 50’s lifestyle villages that generate a highly passive income, are low-cost base and require negligible management and CAPEX. Total income of each asset has built in annual increases in perpetuity.
Cooroy Village and Sugar Coast Village, together with Traralgon Village in Victoria, are being offered for sale ‘in-one-line’ or individually via an Expressions of Interest campaign closing at 4pm on Thursday, 12 September 2024.
*Approx.
Business Summary
Key Investment Insights
1. Prime location on the highly sought-after Queensland coast, with properties in Hervey Bay and Sunshine Coast.
2. Established Over 50's Lifestyle Villages, comprising 148 well-presented homes.
3. Fully occupied village with a high-quality tenant base.
4. Average site rents of $433 per fortnight and a rent roll of approximately $30k per fortnight.
5. Built-in annual rental increases for all residential site agreements.
6. Highly profitable 'light touch' asset with low management and CAPEX requirements.
7. Quality facilities including a swimming pool and large community center.
8. Tranquil hinterland location within walking distance to town and opposite a golf course.
9. Rare opportunity to acquire one or two superbly located over 50's lifestyle villages.
10. Highly passive income with built-in annual increases in perpetuity.
11. Offered for sale 'in-one-line' or individually via an Expressions of Interest campaign.
12. Closing at 4pm on Thursday, 12 September 2024.
13. Potential for future growth and development in the popular over 50's market.
14. Scarcity of residential land lease community assets on the market.
15. Strong demand for affordable and low-maintenance retirement living options.
