Cooranbong Gardens Retirement Village 361 & 383 Freemans Drive Cooranbong NSW 2265

Colliers is pleased to exclusively present Cooranbong Gardens Retirement Village. Situated at 383 Freemans Drive, Cooranbong in NSW. Cooranbong is a regional town that is located to the West of Lake Macquarie on the Dora Creek. It is 120 kilometres north of Sydney via the M1 (the Pacific Highway).

The village sits on two land parcels which together combine 90,790m2. The main parcel is approved for 71 independent living units (ILUs) of which 46 homes are built with 25 to be completed. An additional adjoining parcel also forms part of the sale. This parcel totals 22,000m2 and is known as 361 Freemans Drive. The land has a lapsed development approval for a 97 bed residential aged care facility. It is considered however the highest and best use for the site (STCA) would be to build additional homes. A concept plan for an additional 29 homes is located in the data room.

Community facilities have been provided for the benefit of the current residents. In the heart of the village is 'The Gardens Pavilion' (under construction) for residents to gather and hold events. In addition to the Pavilion residents will have the benefit of a bowling green, indoor hydrotherapy pool, BBQ and Picnic Areas and a Workshop. The property is surrounded by residential dwellings and retirement communities in what is a tranquil rural setting.

100% interest of 361 and 383 Freemans Drive, Cooranbong otherwise known as Cooranbong Gardens Retirement Village is offered to the market via Expressions of Interest (EOI) closing Wednesday, 23rd October 2024 at 4pm (AEST).

To obtain further information or discuss Cooranbong Gardens Retirement Village in detail, please contact the exclusive marketing agents.