Ray White Commercial NSW in conjunction with Ray White Newcastle are pleased to offer for sale the fully occupied retirement village at 31 James Road, Toukley - ‘Toukley Waters'.

The property is improved by the Toukley Waters Village, consisting of 20 independent living units (over 55's) all of which are subject to long term leasehold interests.

The vendor is selling the underlying freehold land together with the right to substantial deferred management fees, accrued annually by each resident. The management fees are payable on the on sale of the independent living units.

Strategically occupying a corner site in the picturesque sea and lakeside town of Toukley, in the heart of the Central Coast, the subject property is an easy commute to both Sydney and Newcastle.

The vendors are seeking the sale of the land to an investor or owner operator who can benefit from the following highlights:

• 20 individual, fully self-contained retirement units
• Deferred management fees (accrued annually), with an estimated current accrual in excess of $900,000
• Low maintenance costs (full details provided on request)
• 500m* to Toukley Town Centre

For further information, please contact the exclusive selling agents.

*Approximately