Originally developed as a caravan park during the seventies, Palms Village has been transformed into an over 50s land lease community of 226 sites housing around 300 residents.
The Logan, Eastaway and Cahill families have continue the tradition their fathers forged decades ago and have secured a circa $24 million sale to a known land lease community operator through HTL Property.
This sale follows Hometown Australia buying Malcolm May’s Macquarie Shores Home Village on the NSW Central Coast, which was the largest single asset manufactured home estate transaction of 2024.
“The sale garnered strong interest from institutional investors, syndicators, and private investors alike; ultimately selling to a private High Net Worth purchaser that was well known to our firm - and enjoying an existing presence in the sector for a market yield of 5.35%,” said Paul Nyholt, HTL Property Queensland Director.
Browse the #1 listings website villages.com.au for all retirement living and land lease resorts
