Work on a new $60 million retirement village at Findon will begin in May

Live music, a swimming pool, cinemas, sports bar, a gym and fine dining — this $60m retirement village in Adelaide’s west, where construction is about to begin, will have it all.

An artist impression of the proposed Aura Retirement Resort on Rondo Ave at Findon.

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Work on a new $60 million retirement village in Adelaide’s west will kick off in May, with its developers promising residents a resort-style in the suburbs.

The Aura Retirement Resort will include four three-level buildings on Rondo Ave at Findon, accommodating 133 single-, two- and three-bedroom apartments with under-cover parking.

Facilities will include a heated swimming pool, massage and health areas, a gymnasium and spa, concierge services, sports bar and fine-dining areas, cinema rooms, a business centre and live music.

Aura will be operated by management consultants Charlie Way and Joe Trimboli, who both have experience in the hospitality, retirement living and aged-care sectors.

They say the new facility has been designed to offer residents services found at five-star resorts.

“People looking at entering retirement living developments are looking for lifestyle and this development is about fulfilling these needs,” Mr Way said.

“We are setting out to ensure that residents will be able to enjoy their retirement with a minimum of stress.”

Mr Trimboli said private funding for the development was in place, while final approvals were being secured.

The first residents are expected to move in by early next year as part of a first stage, before project completion in 2021.

More than 80 jobs are expected to be created during the construction phase, with 16 ongoing full-time positions supported at the facility following construction.

Other services will include a “men’s shed”, community vegetable garden and membership to nearby golf courses and tennis facilities.

Mr Way said agreements with residents had been designed to remove complexity, through the use of “plain-English documentation” and a single deferred management fee.

“Unlike many retirement living developments, we will not have complex add-ons such as capital replacement and re-marketing funds,” he said.

“Instead residents will be charged a single deferred management fee that will take into account any capital gain accrued while they are living at the resort.”

Apartment prices are expected to range from $310,000 for single-bedroom apartments through to $599,000 for three-bedroom accommodation.