Lake Macquarie Club Eyes Seniors Living Partner
On behalf of Club Charlestown, Urbanite Property Advisory is seeking expressions of interest for a joint-venture redevelopment of a portion of the club’s landholdings.
Club Charlestown is a modern club centrally located within Charlestown, 10km south-west of Newcastle’s CBD.
The club has a strong connection to surrounding residential communities and growing regional infrastructure.
Preliminary investigations undertaken by the club have identified a preference for seniors living development, driven by complementary land uses and the opportunity to deliver sustainable long-term income for the club.
The primary objective is to secure a like-minded joint-venture partner to collaborate both in the immediate term and into the future.
The Lake Macquarie region continues to benefit from significant public and private infrastructure investment, supporting population increases and long-term economic growth.
Population projections are showing continued increases, particularly within the over-60 age cohort, according to ABS data.
This trend, coupled with the ongoing national housing shortage, highlights a clear and immediate demand for high-quality seniors living accommodation.
Club Charleston is a first-class club with a strong focus on its members and the broader community.
Club chief executive Michael Gray said they “believe there is a significant opportunity to unlock the full potential of our site by transforming it into a vibrant, multi-purpose precinct”.
“This redevelopment would not only enhance the facilities available to our valued members, but also deliver lasting benefits for the wider community.
“By rethinking how our land is utilised, we can create a destination that reflects our club’s values, responds to evolving community needs, and supports long-term sustainability and growth.”
The Urbanite team is highly experienced in bringing distinctive joint venture opportunities to market and have spent more than a decade working closely with the clubs industry, assisting organisations to diversify revenue streams and optimise property assets.
Learn more about this joint venture opportunity here.
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