Retirement is not mentioned in its marketing, yet The Langlee by Mirvac at Waverley, 7km east of Sydney’s CBD, is a prime example of the competition that retirement village operators now face from Build to Rent and other Community Apartment projects (CAPs).
The target market for this over-55s strata development is cashed-up Baby Boomers – the ideal market for the sector.
“Where luxury living meets lifestyle” is The Langlee’s selling pitch with its 55 apartments selling from $1.65 million to a 145sqm three-bedroom, two-bathroom penthouse at $4.995 million.
The building, which overlooks Waverley Bowling Club, will be ready early next year; a display suite opened on Saturday, and a VIP invitation evening has already taken place. Only six apartments are listed for sale.