Specialist national brokerage firm HTL Property is exclusively bringing to market a substantial and DA approved Residential Land Lease Community (RLLC) site located on the north western coast of Tasmania. The sale campaign will be jointly steered by Andrew Jackson, HTL's National Director of Accommodation; and Paul Nyholt, Director on behalf of a private client.

The significant 11.6-hectare site has been approved for a 216 home RLLC complemented by extensive facilities and amenities. It is located in the picturesque seaside town of Doctors Rocks; approximately 60kms from Davenport and 159kms from Launceston.

The approvals provide for a master planned lifestyle village of 216 homes to be developed over seven stages. The exclusive residential community will include a variety of resort-style facilities; including a large clubhouse comprising an indoor pool, dining and lounge rooms, gym, theatre, games room and large function space – as well as a variety of outdoor games/courts, bowling greens and BBQ areas.

“With a DA approved only a few months ago and the site already cleared and levelled, the planning risk has been greatly mitigated. This is a greenfield, development-ready opportunity; able to be capitalised upon by an incoming purchaser" advised HTL Property Director, Paul Nyholt.

Doctors Rocks is located on the beautiful northwestern coast of Tasmania, a region abundant with natural beauties such Cradle Mountain, Dove Lake, world-heritage listed wilderness areas and a beautiful, rugged coastline.

Boasting arguably the world’s cleanest air and one of Australia’s most fertile soil regions, the northwestern coast of Tasmania is also famous for its premium produce including berries, truffles and cheeses.

The substantial landholding is well located between Burnie and Wynard, two of the larger coastal towns on the Bass Highway which runs along the north coast of Tasmania. Local buses from the property’s doorstep ensure all essential amenities and services, as well as ample entertainment opportunities, are all within close proximity.

“The development project has been carefully planned and is ideally positioned to target the over 55’s demographic. This is evidenced by the fact that the region is already dominated by an older demographic – close to half of the population are aged over 50 years and nearly a third over 60 years. The demand is evident, and this is the opportunity to provide the supply piece" added HTL National Accommodation Director, Andrew Jackson.

“Retirees are not only attracted to the relaxed, coastal lifestyle; but also the affordable housing options in this area. Despite sharp residential price increases over the past two years, Tasmania still presents an affordable housing market; particularly in comparison to other coastal locations nationally” continued Nyholt.

Residential Land Lease Communities (RLLCs), also known as Manufactured Home Estates (MHEs) are a rapidly evolving asset class and have now well-established themselves as a legitimate segment of the Senior's Living housing market. Due to the stability of income provided via site fees as well as the simple management structures, and large landholdings underpinning long-term value, RLLCs are quickly gaining the attention of the broader commercial investor market.

The value of RLLCs is further underpinned by their becoming an increasingly popular housing choice, especially for the largest age bracket of Australians; the ‘baby boomers’. Demand for RLLCs has already exceeded supply, as this generation enters their retirement years and looks to downsize and relocate to lifestyle destinations.

“We are seeing strong demand for established RLLC products, and this has resulted in significant yield compression. An undersupply of established assets in the sector and continuous demand has led to the next phase in the sector's evolution; that being greenfield development opportunities such as this example" concluded Jackson.

The Expression of Interest campaign for this extraordinary opportunity closes Thursday, 7th September 2023.