One of Australia’s largest retirement villages up for sale in Sydney’s southwest
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A major retirement village development in Sydney’s southwest has been put on the market, offering investors a rare opportunity in the senior living sector.
Mount Gilead Estate, located at 72 Glendower Street in Gilead, is being offered for sale through an International Expressions of Interest campaign run by Knight Frank.
The 23.3-hectare site, less than 50 kilometres from Sydney’s CBD, currently houses 463 completed and occupied residences, including 384 independent living villas and 79 independent living apartments.
Sam Biggins of Knight Frank highlighted the property’s unique selling points.
“Buyer interest in Australia’s senior living sector is significant and Mount Gilead Estate is a high-quality asset in that it is a leading institutional-scale modern retirement village that presents to a very high standard,” Mr Biggins said.
The estate has approval for an additional 647 residences and extra retail and commercial space. It also boasts significant community and recreational amenities, including a 9-hole private residents golf course, swimming pools, and a 3,000 square metre multi-level club house.
Mark Litwin, also of Knight Frank, emphasised the property’s strategic location.
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“Mount Gilead Estate is located on a prominent hilltop position within the booming southwest Sydney growth corridor adjacent to Lendlease, soon to be Stockland’s Figtree Hill Masterplan community, and with access to some of its amenity,” Mr Litwin said.
The property is being sold by Australian Retirement Holdings (ARH). Buyers also have the option to acquire an additional 5.14 hectares of adjoining land, potentially increasing the total approved residences from 1,110 to 1,332.
Currently housing 700 residents, Mount Gilead Estate is set to become one of the largest single-site retirement villages in Australia upon completion.
The International Expressions of Interest campaign for the property will close at 3pm (AEDT) on Wednesday, 9 October.