1 Ferrells Road, Cooroy, Queensland
Cooroy Village
SOLD
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. 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.
