Newly built retirement village

215 Bolivar Road, Burton, South Australia 5110

Healthcare and Retirement Living For Sale

Expressions of Interest. EOI Date 6 Sep 2018
Floor Area: 11,600.00 m2.    

Burton Lifestyle Village

Description

Colliers International is pleased to offer for sale this well presented, newly constructed retirement village comprising of 27 independent living units with communal facilities encompassing a community centre/clubhouse, landscaped grounds and extensive visitor parking, plus potential scope to increase the yield through the construction of three additional units (stcc).
Set amongst well established residential properties and with retail, medical services and public transportation all within close proximity, the village is well positioned to take advantage of both proven and future resident demand.
Sited on an allotment of 11,600 sqm, the retirement village has very extensive frontage to Bolivar Road of some 155.86 metres, with a wide and well landscaped council maintained nature strip providing generous separation from the road.
Built in stages, the retirement village is fully complete, with the most recent stage of four units only completed in November 2017. The recently completed stage of 4 units (2 of which are under contract) and an additional display unit are yet to be occupied and offer the successful purchaser the ability to generate prompt capital returns. In addition, the potential scope to increase the yield through the construction of three additional units on the site provides a further opportunity (stcc).
The offering will appeal to buyers seeking a proven and modern retirement village opportunity that offers exposure to a strong demographic profile in an expanding growth region.

Features

  • Newly built boutique village of 27 ILUs
  • Immediate capital return opportunities
  • Scope to increase yield

Specifications

Council City of Salisbury

Map

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