Cooranbong Gardens presents a unique opportunity in the rapidly expanding Australian retirement sector. Located in the serene Lake Macquarie region of New South Wales, this established retirement community is poised for significant growth, with plans to expand by 40 new villas and fully sold-out pre-sales for the upcoming phase. The project seeks $12.5 million in debt refinancing and an additional $6 million for construction, backed by a combined property valuation of $30.6 million. With robust demand for retirement living and experienced management in place, this is an ideal chance for strategic investors to participate in a high-potential real estate venture with a clear growth trajectory and strong exit strategy.
Current Valuation: Total assets are valued at $30.6 million (including GST), highlighting the strong foundation of the project.
Debt & Construction Facility: Seeking a $12.5 million debt refinance and a $6 million construction line of credit to further develop the community.
High Demand: The next phase is fully sold out with deposits totaling $8.8 million, indicating a robust market demand.
Attractive Location: Nestled in a desirable part of NSW, Cooranbong Gardens benefits from an excellent lifestyle offering, attracting retirees seeking tranquility and quality facilities.
Proven Track Record: Cooranbong Gardens has a history of delivering quality homes and positive returns, backed by an experienced development team.
Guaranteed Security: Investors will have a registered first mortgage over the secured properties and a personal guarantee from the director.
Growing Demand for Retirement Living: The Australian retirement sector is expanding rapidly, with demand outpacing supply in high-quality locations like Lake Macquarie.
Strategic Growth Pipeline: Beyond the current expansion, additional development opportunities are being prepared to further enhance the offering and maximize returns.
Potential Upside: With the completion of community facilities and increased sales pricing forecasted, the potential for substantial value appreciation is clear.
Total Facility: $18.5 million in financing ($12.5M debt refinance + $6M construction LOC).
Valuation: Combined valuation of secured properties is $30.6 million, including:
383 Freemans Drive: Valued at $25.4 million.
361 Freemans Drive: Valued at $5.2 million.
Revenue from Pre-Sales: $8.8 million in deposits already secured for the next stage of construction.
For detailed financial projections and a cash flow breakdown, please refer to the term sheet available for download here
We have a clear exit strategy that minimizes risk while maximizing investor returns:
Stage Completion and Bank Interest: Multiple mainstream lenders (including Westpac, CBA, and ANZ) have expressed interest in refinancing the remaining core debt upon completion of the current site and approval of future phases.
Sale & Refinance: During construction of the final stages, we will complete development approvals for 361 Freemans Drive. After completion, mainstream lenders will fully refinance the remaining debt, offering a clear path for investor exit.
Value Appreciation: The completion of additional facilities will increase property value, with expected price uplifts for villas reaching between $920k and $950k.
Craig Michael Bateman - Founder & Lead Developer
Craig is a Civil Structural Engineer with extensive experience managing multi-million-dollar projects, including retirement developments. He has owned and overseen the construction of Cooranbong Gardens since its inception, ensuring quality standards and a successful track record.
CAM Engineering and Construction Pty Ltd
The construction partner for Cooranbong Gardens, CAM Engineering has successfully managed all development stages of the community, ensuring timely delivery and adherence to high-quality standards.
Q: How does the community operate?
Residents pay $715 per month under a 99-year lease agreement, which covers all village expenses but is not designed to generate a profit. Funds stay within the community to maintain quality services.
Q: What is the exit fee structure for residents?
When a resident sells, they pay a Deferred Management Fee (Exit Fee), up to 30% of the sale price over five years. This is a core source of ongoing profit for investors.
Q: Are any villas investor-owned for rental?
No, all villas are owner-occupied to maintain a cohesive community atmosphere.
We believe that partnering with a strategic investor is more than just financial. It is about growing a relationship that contributes valuable insight, shared growth opportunities, and a commitment to enhancing the retirement experience.
Interested in the Opportunity?
Please reach out for a meeting to discuss the project in detail, or download our full term sheet for more information.
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