The agents expect the greatest interest to come from either retirement living operators or private investors, given the popularity of both the estate and businesses.
“With over 39% of the Inverloch population represented by elderly singles or couples, the location is ideally suited to retirement living and aged care – the ‘no vacancy’ status is evidence of this,” Mr Caspani-Muto said.
“Strong demand for retirement living and aged care services, both nationally and within the immediate location, is clear – with a further 14.5% increase in residents of retirement age in Inverloch forecast by 2036.”
Presently, the median age of residents in the Bass Coast municipality is 52 with the most over-represented group being 60-64 and Inverloch’s median house price has increased 37% since 2015.
Mr Tat added that any redevelopment of Sunny Sands would require existing dwellings be relocated – which is not common for operators in the highly popular and rapidly evolving MHE sector, however, would still be possible in the medium term.
“Aged care operators – like users in many other sectors, including industrial – often relocate to capitalise on the underlying land value of more centrally located owner-occupied sites.”
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