CEO of Central Coast Legacy, (CCL) Peter Lawley OAM has confirmed the sale and provided an update on how Central Coast Legacy will continue to provide supported social housing for Legacy beneficiaries into the future.
“All current residents (12) at the Legacy Village will be relocated to a new apartment building in 1 Shortland Street, Point Frederick, with CCL obtaining a head lease for five plus five years at this site. Residents will continue to pay the same rent, and CCL using the sale funds to assist in subsidising rental costs for the residents,” Mr Lawley said.
“In addition, CCL has subdivided its 6 York Street Point Frederick site (formerly part of the Masons Parade site) away and will retain ownership, with the 9 residential apartments converting to Legacy rental apartments. These units are also currently occupied by Legacy Beneficiaries.
“The Shortland Street apartments are next door to the current site, and all residents will be relocated with support from Transition Angels, a local company who specialise in ensuring a smooth transition for people. All residents at both sites will continue to pay the same low-cost rental as they currently do and live in a safe and supported independent living environment. “
Central Coast Legacy had planned in 2022 to redevelop part of the Masons Parade site, did have a DA approved, but with the impact of Covid on construction and trade costs, the financial viability of such a project for a charity was determined to be not financially prudent.
The Legacy Village was first opened in 1964 and is no longer viable or suitable for the ageing Legacy beneficiaries.
CBRE were the selling agents of the site, with Hillier Property Development acting on behalf of the purchaser, Legacy Views Pty Ltd. The offer was made with limited conditions, an option for a month-to-month lease back for up to 12 months, and a 42-day settlement.
Residents will relocate during July and August 2025.
