A modern community center with a sloped roof, outdoor seating under pergolas with green vines, a stone sign reading 'Community Centre,' and a cloudy blue sky above.

The Grange

TRANSACTION: Confidential Off Market Expression of Interest
LOCATION: 74 Gregadoo Road, Lake Albert NSW
SOLD: 2022
PRICE: $17.5 Million

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Shane Nicholson managed the sale of The Grange Retirement Village on behalf of a Private Family, to BaptistCare

Aerial view of a suburban neighborhood with houses, green lawns, and a pond, with a large green space, tennis court, and lake in the background.
An aerial view of a residential community park with walking paths, green lawns, trees, a pond, and parking lot surrounded by houses.
Aerial view of a suburban neighborhood with winding roads, houses, a central park with a pond, and surrounding open fields.
Aerial view of a residential neighborhood under construction, with houses, a small pond, and nearby open fields, with a lake in the background.
Modern building with large windows and a sloped roof, featuring a covered outdoor kitchen area with a pizza oven, set in a landscaped lawn with bushes and trees.
Modern building with sloped roof and large windows, surrounded by vibrant greenery and benches, under a partly cloudy blue sky.
Spacious room with wooden flooring, large windows with blinds, and furniture including chairs, a sofa, and a piano.
Indoor swimming pool with clear water, tiled floor, and fitness area visible through glass doors in the background.
Spacious restaurant with wooden tables and chairs, a breakfast bar area, natural light from large windows, and modern ceiling lighting, decorated with a flower painting and a potted plant.
A vineyard with rows of grapevines on either side of a dirt path under a blue sky with some clouds.
A suburban neighborhood with single-family homes, well-maintained lawns, trees, and flower beds on a sunny day.
Front view of a modern house with a neatly maintained lawn, flowering plants, and a garage. The house has a covered porch, stone accents at the base of the columns, and a tiled roof.
Bright and minimalist kitchen with white cabinets, beige walls, and a dining table with four chairs, decorated with a small green plant.
Bright, minimalist living room with light-colored sofa, wooden coffee table, and indoor plants, open to a kitchen and dining area.
A bedroom with a white bed, beige pillows, white bedside tables with lamps, a mirrored closet, and a doorway leading to a bathroom with beige tiles and a window.

THE ASSET

Built on 20.15Ha and commencing operations in 2015, The Grange is a modern retirement village located in Wagga Wagga, NSW. The site comprises 159 completed and occupied Independent Living Units (ILUs) and apartments, with development approval for an additional 37 ILUs and 63 Assisted Living Apartments (ALAs), totalling 259 dwellings upon completion.

THE PROCESS

Shane targeted the marketing process toward not-for-profits and larger private operators with existing villages within a 100km radius of the asset. The campaign generated six qualified offers, and following a best-and-final round, a not-for-profit operator was selected and proceeded to a swift and successful settlement.

THE RESULT

The selected buyer, a well-established not-for-profit operator with multiple assets across NSW and a presence in Wagga Wagga, has continued the development of the remaining stages of the village. This ongoing investment has enabled the delivery of additional care-focused services, positioning The Grange as a best-in-class retirement community within the region.

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Close-up of a modern building with curved, dark blue paneling and textured surface.