The operator, which also owns and operates communities in Anna Bay and Redhead, NSW; and Bundaberg, Queensland, has decided to sell its 100% occupied resorts Cooroy Village, in the Noosa Hinterland, 140km north of Brisbane, and Sugar Coast Village in Urangan, Hervey Bay, 286km north of the state's capital city, and Traralgon, in the town in the Gippsland Valley, 164km from Melbourne.
HTL Property is offering the three land lease communities for sale in-one-line or individually, offering a total of 148 income-generating homes.
"We anticipate strong interest for these assets as astute investors recognise the ever- resilient fundamentals of the RLLC sector; now accelerated by unprecedented demand for affordable housing by the retiree population," said Andrew Jackson, HTL Property’s National Director.
Cooroy Village (main photo), which has 68 homes, a swimming pool, community centre, BBQ area and creekside walking trails, generates around $800,000 in gross rental income.
Sugar Coast Village (pictured) has 80 homes, a swimming pool, community building, gym, spa and sauna, BBQ area, on-site convenience store, vehicle storage area and manager’s residence, generates rent of $40,000 per fortnight (1,040,000pa) and is bolstered by rental income from the convenience store.
Traralgon Lifestyle Village (pictured) is a modern mixed-use park predominately catering to permanent and long-term residents. It operates 137 sites comprised of 49 owner-resident homes, 20 long-term rentals in park-owned cottages, 21 tourist and worker cabins/bunkhouses, 36 campsites and 11 vacant, development-ready sites.
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