CBRE Hotels has been appointed to market a manufactured housing estate (MHE) on Victoria’s Mornington Peninsula amid heightened for MHE investment opportunities.

The Peninsula Parklands estate is being offered to the market for the first time in over 16 years, providing an opportunity to secure a 58,006sqm site within an established residential area.

Located at 249 High Street, Hastings, the property comprises 191 home sites, resident amenities, sealed roads, and security access. It is fully occupied and is being sold as a freehold and business that currently operates under management.

CBRE Hotels Senior Director Scott Callow said, “Manufactured Housing Estates are an emerging asset class, which are on the radar of investors and operators. The business model generates significant returns to owners while providing land banking opportunities for large freehold land parcels.”

Peninsula Parklands is within an hour’s drive of Melbourne and in easy reach of other major centres such as Mornington, Rosebud and Frankston.

It is being sold as a freehold and business that could be owner-occupied or run under management.

Expressions of Interest close March 30, 2022 (if not sold prior).

To request a copy of the Information Memorandum please contact the marketing agent Scott Callow of CBRE via the contact details below.