The housing estate is located in Inverloch, around 140km south-east of Melbourne, and is 2km from the beach and town centre.
CBRE represented the seller in negotiations for the two-hectare property, and said yields in the sector have been sharpening since 2017, with established parks averaging 6.75 to 8.5%.
CBRE’s Josh Twelftree said: “The volume of response the team received over the course of the campaign was unsurprisingly significant. There is limited quality grade investment stock on the Australian market at present – however, significant levels of capital remain.”
“Stage one of the residential village was constructed in 2005 and all community amenity and homes have been meticulously maintained – it really is one of the most impressive parks on the market, given its age.”
The community’s 57 homes are now fully occupied.
