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
*
Employees




Business For Sale By
Chloe Belli

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

  Website
Greenfield Retirement Village Investment

A 73 unit lifestyle retirement village complex to be constructed close to the foreshore of Lake Wanaka. 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.

As at June 2016, average estimated value for each subject dwelling ranges from $655,000 to $760,000 with a gross realisation estimated at $54,390,000, inclusive of chattels for each unit on a Land Area of 1.8389 hectares more or less.
Source: Registered Valuation dated June 2016.

Key points to note:
• Resource Consent granted
• Funding approved and in place
• Construction commencing 2017
• 12 options registered for the first 20 houses
• Statutory Supervisor appointed; and
• Registration under the Retirement Villages Act completed.

The opportunity to invest is now open with a company equity of *$9,000,000 offering a projected 25% internal rate of return on this project. 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).
To comply with the Financial Markets Authority Act 2013 & Financial Market Conduct Act 2013 requirements, NO offers or enquiries below $750,000 will be accepted or entertained.

If you are interested in this listing, please visit www.barkerbusiness.co.nz to register your details and submit the online Confidentiality Agreement for listing #1897. When the agreement has been received, Frank will be in touch.

Licensed REAA 2008. Copyright Barker Business Brokerage Ltd 2017.

General Information

Home-Based: No

Property/Location

Other Information

Reason for Selling: NA