We present a rare opportunity to invest in the growing aged housing industry. The land is 1.9ha of a prime piece of real estate with significant infrastructure in place and ready to build on. The land has been identified as a prime position on which to develop a self-care over-55 lifestyle village of approximately 44–52 self-care units.
The appeal of the location is due to numerous factors including the positioning of the land in relation to the town, medical services in the town and nearby cities, and the forecast demand for over-55 lifestyle villages in the area.
An interested party has the option of buying the land outright, purchasing the land in a staged agreement, or undertaking a Joint Venture with the vendor.
Customers and Market
Analysis undertaken has found there is a gap in the market for self-care over-55 lifestyle village units in the town which offer residents a comfortable lifestyle. Estimates show there is a demand of approximately 1150 self-care over-55 lifestyle village units from which this potential village could source residents.
Customers in the market for self-care over-55 lifestyle village units will likely consider the availability of medical services, public transport and leisure activities when considering the purchase of an over-55 lifestyle village unit. The site in question offers residents easy access to general and specialised medical services, as well as leisure facilities through local public transport services.
The land is located in a growing and robust town in Central West NSW. The town is within a local government area which has a population of approximately 7300. This is forecast to grow to about 7800 in 2031, a growth of approximately 7%. The town is expected to prosper in the coming years due to a nearby mine which is on the cusp of being developed. The town offers residents the comforts of a country lifestyle with easy access to a range of services and opportunities.
For a self-care over-55 lifestyle village to be a viable investment, it needs to be supported by the town in which it operates. The vacant land is within a town which will provide village residents with all the services they require for their day-to-day living. These services include a vibrant main street, supermarket, hairdresser, pubs, clubs and medical services.
The town offers the basic medical services the residents of an over-55 lifestyle village would frequently utilise, such as a community hospital, medical centre and dentist. Easily accessible by public transport are two nearby cities which offer specialised medical services such as a state-of-the-art hospital, specialist doctors and imaging services. For specialised medical services which are not available near to the town, Sydney is only a 3.5 hour drive away.