Lincoln Place private investment vehicle site Brookhaven Village in NSW Mid-North Coast for sale to test the market

Director Nick Collishaw told The SOURCE with the first stage of the village built and sold out and development approval for 92 more lots in the village in Bonville, the investors want to “test the market now the community has been proven”. In July, Stockland paid Living Gems $210 million capital, about $164,000 per home site, for one of its established communities plus four highly-prized development-approved sites in the coveted Southeast Queensland corner. HTL Property, which also is selling the development-approved 11.6ha unbuilt manufactured home estate Seabrook Lifestyle off the Bass Highway in the rural locality Doctors Rocks on Tasmania’s northwest coast, is managing the sale for Lincoln Place.

“The completed and occupied sites provide an incoming purchaser with a substantial recurring income, one that is highly passive and secure. Income from site fees more than $400,000 in the 2023 financial year, and this will grow steadily as more homes are sold,” HTL Property’s Paul Nyholt said.

“This income compounds when also factoring in the profits being achieved on new home sales.”

Also completed are community facilities including outdoor swimming pool, BBQ cabana, resident garden and viewing platform adjacent to the community’s ornamental lake. In addition, there is a modern three-bedroom manager’s house (currently tenanted) included in the community. Brookhaven Village is for sale via an exclusive Expression of Interest Campaign concluding 19 October 2023. The SOURCE: It will be interesting for retirement living operators and land lease community owners to see what price Brookhaven Village will fetch after Stockland’s purchase.