Queens Park Retirement Village 140 Carrington Road Waverley NSW 2024

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 *** as at April 2023

For further information don't hesitate to contact the exclusive selling agents.