Project High Country Hamlet
项目简介
BlueMount Capital is mandated to assist Project High Country Hamlet with raising up to $3m in equity or debt to fund the development.
Our client has identified a market opportunity in the active retirement living sector in the Darling Downs. The project plans to invest in the acquisition of a 9.2ha greenfield parcel of land approved for the development of a 181-site Manufactured Home Estate (MHE) that would be marketed as an over 50s affordable retirement village.
Highlights:
➢ Located 35 minutes’ drive from Toowoomba CBD, the development is situated in the high-country hamlet of Crows Nest, QLD, with all the essential services and amenities.
➢ Speed to market - the project is approved and ready to be delivered, with construction expected to begin in March 2026.
➢ Delivery is planned to occur over 8 stages with stages 1 and 2 expected to be completed in September and December 2026.
➢ Forecasted high yield with a total of $29.7m dividends over the lifetime of the project and $8.9m returned to external investors.
➢ Forecasted high capital return with an ROI for external investors of 99% in 17 months and 443% over the project lifetime.
➢ Affordability of the project is key with houses expected to be $100k to $150k below the nearest competition.
➢ A window of limited competition is estimated for 2025-2028 with the six established MHEs in Toowoomba sold out and any new entrants are expected to be 2-3 years away due to waiting periods for approvals.
➢ Only $1m upfront cost required to call the option on land valued at $6m incl. GST due to its deferred land purchase contract payment model;
➢ Customers pay no entry/exit fees, stamp duty, council rates, body corporate or strata fees.