Health, Beauty & Fitness | Greenfield Retirement Village Investment

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Greenfield Retirement Village Investment

Canterbury, Otago | Ad ID# 2542
Industries  >  Health, Beauty & Fitness
Asking Price $9,000,000.00 Inventory $
Included in Asking/Selling Price
Gross Income $0.00 Real Estate $
Stock/Inventory value .00 Year Established NA
FF&E $0.00
Included in Asking/Selling Price

Business For Sale By
Chloe Belli

Contact the Seller
To inquire about this business for sale, click the "Contact the Seller" link below

Greenfield Retirement Village Investment

An opportunity for an investor to join this experienced developer as an equity participant in the construction of a 73 Unit Retirement Village, on approx 18,389 m2 land area, targeting the 55-plus-age-group, in Wanaka, New Zealand. This facility enjoys lake views, easy access to the lake which is less than 80 metres away, while the main centre of Wanaka is only 1.2 kilometres distance from the subject property.

The development will take advantage of a gap in the market for Unit Titled/Occupation Rights Agreement (“ORA”) retirement or lifestyle town houses for the early “baby boomer” market AND high-end residential apartments and townhouses for high net worth individuals looking for lifestyle choices in New Zealand. The properties have freehold unit titles with an ORA overlay specifying Body Corporate Rules to provide compliance with the Retirement Villages Act 2003.

The financial model has been developed on the basis of Unit Titles being issued on the completed town houses. This provides for a significant return on the initial development and a lower return for the ongoing retirement village business, overall creating significant value once fully sold.

14 options have been registered, Sales & Purchase Agreements are being finalised, Earthworks commencing for Block R in the coming construction season, Construction contract under negotiation and Registration under the Retirement Villages Act pending.

*The opportunity to invest is now open with a company balance sheet equity of *$9,000,000, offering a projected 20% internal rate of return on this project.

To comply with the Financial Markets Authority Act 2013, NO offers or enquiries below $750,000 will be accepted or entertained. An option of a convertible note, yielding 10% interest over a term of 2 years is also available, that would be either (1) cashed out or (2) converted into shares on an agreed registered valuation at time of expiry of the loan.

*Source of information supplied by business owner or owner's agent(s).

If you are interested in this listing, please visit to register your details and then submit the online Confidentiality Agreement for listing #1897. When that is received Frank will be in touch. Licensed REAA 2008. Copyright Barker Business Brokerage Ltd 2017.

General Information

Home-Based: No


Other Information

Reason for Selling: NA