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14 Pauline Martin Drive Rockhampton City QLD 4700

  • Development / Land
  • 2.22 ha
  • For Sale, Contact the agent

High Quality Retirement Village

  • -Additional Development Land
  • -Centrally Located
  • -Potential Re-positioning Opportunity

Settlers Rockhampton comprises a quality retirement village, constructed circa 2000. The village consists of 74 independent Living Units (ILUs) in a mixture of 1- and 2-bedroom villa configurations. It is located next door to the Eventide Aged Care Home Rockhampton. The villas are contained within 11 single level buildings with community facilities located centrally within the village nearby to the main entrance of the property. The village offers further development upside with Approval to construct a further 18 ILUs on the site. There is also the potential to develop additional aged care on the owned adjacent land.

-Additional land for further development or opportunity to build complimentary uses such as aged care (STCA).
-Affordable seniors housing centrally located within Rockhampton
-Affordable entry, ongoing and exit contributions
-Opportunity to continue to operate as is or the village presents a rental village conversion opportunity
-Adjacent aged care facility (Eventide)

Under Instructions from Receivers and Managers FTI Consulting, JLL has the exclusive pleasure to offer for sale the Settlers Group Retirement Village Portfolio.
The Portfolio comprises the following villages;

-Settlers Ridgewood Rise - 76 Ridgewood Boulevard, Ridgewood WA
-Settlers Lakeside - 194 Old Mandurah Road, Ravenswood WA
-Settlers Rockhampton - 14 Pauline Martin Drive, Rockhampton QLD
-Settlers Forest Lake - 41 High Street, Forest Lake QLD
-Settlers Ridge Estate - 276 Cessnock Road, Gillieston Heights NSW

The portfolio, offered to the market In One Line or Individually, presents a rare opportunity in a tightly held sector to obtain an initial presence or to grow an existing portfolio.

With 5 villages across 3 states, the portfolio offers significant scale totalling 687 Independent Living Units. Each village offers strong provision of community facilities including large community centres and extensive recreational facilities. The villages offer mature cashflows, with established resident profiles and turnover delivering consistent Deferred Management Fee income.

For Sale In One Line or Individually
Expressions of Interest Closing 12PM AEDST 29 November 2019.

Property Highlights

Property ID2015853268
Floor Area22,240 m²
Land Area2.22 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
Last updated  8 Nov 2019
Map for 14 Pauline Martin Drive Rockhampton City QLD 4700
JLL - Sydney
Level 25 420 George Street Sydney NSW 2000

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