FOR SALE
$18.5m

6-40 Colonial Drive
Mildura VIC 3500

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5ac
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Rare Opportunity to Acquire 57 Unit Lifestyle Village.

The Rose Lifestyle Village for over 55’s contains 57 units plus extensive common areas and Community Centre set on 5 acres of residential land.
Centrally located within close proximity to the hospitals and medical facilities with an aged care facility directly opposite make this the perfect location for the later years.
Titles were recently issued for the sale of individual units however all units are currently on rental/licence agreements under the retirement village model with monthly rental payments.
Exceptional investment opportunity like no other!
Information Memorandum and full investment details available on request.
For more information contact:
Naomi Darby - 0428 236 480
Dolfen Developments - naomi@dolfen.com.au

Property Details for 6-40 Colonial Dr, Mildura

Building Type
Commercial
Land Size
5ac

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About Mildura 3500

The size of Mildura is approximately 77.8 square kilometres. It has 54 parks covering nearly 4.2% of total area. The population of Mildura in 2011 was 30,647 people. By 2016 the population was 32,739 showing a population growth of 6.8% in the area during that time. The predominant age group in Mildura is 20-29 years. Households in Mildura are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mildura work in a professional occupation. In 2011, 59.6% of the homes in Mildura were owner-occupied compared with 58.1% in 2016.

Mildura has 20,046 properties. Over the last 5 years, Houses in Mildura have seen a 57.97% increase in median value, while Units have seen a 60.40% increase. As at 30 September 2024:

  • The median value for Houses in Mildura is $464,005 while the median value for Units is $293,987.
  • Houses have a median rent of $450 while Units have a median rent of $350.
There are currently 204 properties listed for sale, and 57 properties listed for rent in Mildura on OnTheHouse. According to CoreLogic's data, 850 properties were sold in the past 12 months in Mildura.

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Naomi Darby
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Dolfen Developments Pty Ltd
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.