An iconic City of Maroondah Aged Care and Retirement business will be one of the first nationally to be marketed for sale in 2021 & certainly the first done so publicly.
Blue Willows Residential Aged Care & The Willows Retirement Village located in the popular eastern suburb of Ringwood will be offered for sale via Expressions of Interest by CBRE’s Healthcare and Social Infrastructure team comprising Sandro Peluso, Marcello Caspani-Muto, Jimmy Tat and Josh Twelftree.
One of the highest quality homes in the eastern region the facility is substantial in size with both oversized hallways and bedrooms and upon construction in the early 2000s was well ahead of its time. With a substantial recent capital injection into both business operations, facility renovations and branding concepts the business has a strong foothold for success having maintained strong occupancy and shown consistently strong financial performance for the past 6 years.
As the timing of the sale coincides with the release of the Aged Care Royal Commission Report it is expected to garner a substantial volume of interest as a number of operators who have sat idle for 12-24 months away its findings will be looking to get into gear with an active 2021.
“While the report has been complete it will not be made public until it has been tabled in government. We expect this to occur relatively quickly and should give additional groups the confidence to continue pursuing opportunities such as this.” Mr Peluso Said
Marcello Caspani-Muto added “This is one of the highest quality supported residential services facilities the team has offered for sale with its standard comparable to many Government funded Residential Aged Care Homes. Of even further intrigue is the inclusion of the twenty surrounding DMF retirement units. The integration and services offered to both these residents and the residents within the wider home means true ageing in place care is possible. A model which is only becoming more popular in the modern day this shows how truly ahead of its time the facility was upon construction.
The business is registered for 58 Beds of which all are single rooms with en-suites and a further 20 retirement village units (ILU’s) which surrounded its perimeter.
The property will be sold via Expressions of Interest closing on Thursday the 21st April at 2:00pm.