Modern brick building with large entrance, surrounded by well-maintained lawn and trees, illuminated by exterior lights at dusk.

Marmong Waters

TRANSACTION: Off Market Expressions of Interest
LOCATION: 79 Marmong Road, Booragul NSW
SOLD: 2022
PRICE: $13.5 Million

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Shane Nicholson managed the sale of Marmong Waters retirement village on behalf of a private client, to Country Club Living

Aerial view of a coastal town with a marina filled with sailboats, surrounded by green parks, residential areas, and large bodies of water under a clear blue sky.
Aerial view of a residential area near a body of water, with a section outlining a new housing development under construction.
Aerial view of a large lake surrounded by green wooded areas and residential neighborhoods, with a boat marina along the shore and distant cityscape in the background.
A modern building with exterior lighting, surrounded by trees, a pond with rocks and a fountain, a sidewalk, and manicured grass, during dusk or early evening.
Modern multi-family residential buildings with landscaped yard, on a bright sunny day under a clear blue sky.
Indoor swimming pool with a ramp for accessibility, surrounded by potted plants, windows, and seating areas, with bright ceiling lights
Spacious outdoor balcony with wicker furniture, potted plants, and a wooden floor, overlooking a river and trees on a sunny day.
Spacious living and dining area with large windows, light-colored sofas, wooden dining tables, and a high ceiling with recessed lighting.
Bright, modern kitchen with white cabinetry, a central island with seating, stainless steel appliances, gray backsplash, and a sliding door leading outside.
Living room with beige carpet, white sofa with decorative pillows, small wooden coffee table, beige armchair, TV on wooden stand, sliding glass door leading to balcony with a table and chairs, and an outdoor view of trees.
Bright white bedroom with a bed covered in a textured white blanket, multiple gray and white pillows, two black table lamps on a light-colored wooden side table, a framed geometric artwork above the bed, and three tall windows with views of green tre
An outdoor patio with glass sliding doors, a dining table with eight metal chairs, a bottle of champagne, and a living room visible in the background.

THE ASSET

Marmong Waters is a modern retirement village in Booragul, NSW, located approximately 20km from Newcastle and 150km from Sydney. The village comprises 58 completed ILUs, with 20 under construction (all sold), and is DA approved for a total of 162 ILUs. Established in 2016, it spans approximately 70,824sqm and features high-quality 2- and 3-bedroom villas across four designs. Residents enjoy a state-of-the-art clubhouse with a gym, indoor pool, dining areas, bar, commercial kitchen, offices, and consulting rooms.

THE PROCESS

This transaction was led by ACSL Property to facilitate the Operator’s exit from its only retirement village in New South Wales. Leveraging its local market focus, ACSL Property identified a mid-sized Victorian owner-operator seeking to expand into NSW. A high-quality, undated Information Memorandum was distributed following the execution of NDAs. Shane Nicholson directly engaged with three targeted market participants. Within three weeks, two strong offers were secured.

THE RESULT

Competitive tension between parties was strategically managed to maximise value, resulting in an exceptional outcome for the seller. The transaction successfully closed within four months of the initial NDA signing allowing the seller to reinvest in other seniors living markets.

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Close-up of a modern building's dark blue curved facade with textured rectangular tiles, creating a sleek, abstract pattern.