The private funds management firm based on property investments in the affordable accommodation sector has decided to sell Frenchview Lifestyle Village in Grantville, a small town 100km southeast of Melbourne's CBD, and Enclave at Healesville, a town 64km northeast of Melbourne's CBD.
Equinox Property Group tells potential investors each investment is expected to be for a five to seven-year term.
Frenchview Lifestyle Village (pictured right), bought in 2017 was forecast to have a base investment return rate of 15.05% over the seven-year investment term. It has 102 homes, with 104 potential sites.
Enclave at Healesville (pictured left), which is part of the Haven Property Fund set up in late 2018 with a base investment return rate of 15.01%, has 71 sites across a mixture of both permanent retirement units and holiday park accommodation. It has an option over the adjoining site for potential future park expansion subject to council approval.
“These opportunities allow for immediate entry of scale into the sought after residential land lease community and short stay/holiday park markets. What makes the offerings unique is their price point which will appeal to a mixture of high-net-worth private investors and syndicates in additional to typical institutional grade investors,” said Marcello Caspani-Muto, CBRE's Sales & Leasing in Aged Care, Healthcare, & Social Infrastructure
"These communities are highly sought after but feature high barriers to entry for those without experience in the markets. Once established like these they represent the opportunity for high yielding and highly defensive investments."
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