Belswan Lifestyle Estates Portfolio
Belswan Lifestyle Estates Portfolio, Mandurah, Western Australia 6210
Healthcare and Retirement Living For Sale
Expressions of Interest. EOI Date 23 Aug 2019
Land Area: 98,000.00 m2. Floor Area: 9.80 Hectares.
Colliers International is excited to present an opportunity to purchase a ready to go retirement living portfolio, Belswan Lifestyle Estates.
The portfolio consists of two ideally located villages which both sit south of Perth. The two villages, Mandurah and Pinjarra offer spacious and modern seniors accommodation with generous amenities in a private community setting.
Belswan Lifestyle Estates retirement villages comprise a fully established 249 Independent Living Unit village in Mandurah and a substantially progressed village in Pinjarra with 89 completed units and DA for an additional 140.
Both villages have substantial village community facilities which include but are not limited to pools, bowling greens, library and function rooms.
•Excellent occupancy rates
•A portfolio of diversified income from recurring DMF cash flows and development profits
•Potential upside linked to the movement in residential prices and changes to DMF structure
•Multipurpose development potential on surplus land in the Pinjarra village
METHOD OF SALE
The portfolio is offered for sale by Expressions of Interest closing Thursday 22 August 2019 at 4pm AWST.
- 249 units in Mandurah
- 89 units with additional vacant land
- Significant communal facilities
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