Publicly listed Eureka Group Holdings Limited has settled on the 124-home Liberty Villas (pictured), 3km from the Bundaberg CBD, for $13.13 million – two years after a $9 million fund to encourage Australians to buy rental villages in failed to attract the required investors.
As we covered here in February 2018, Hamilton Asset Management’s Hamilton Liberty Villas Bundaberg Fund was seeking Australian resident investors with a minimum of $50,000 to invest in the village which operates under a flexible rental model.
With occupancy above 95% following refurbishments in 2014 and 2015, Hamilton had targeted a 12.45% return.
But Colliers were appointed by the vendor after their sales did not go through to run a marketing campaign to sell the village.
