12 Castlereagh Street, Carrum Downs, VIC, 3201

CBRE Australian Healthcare & Social Infrastructure is pleased to exclusively present for sale, 12 Castlereagh Street, Carrum Downs. The subject property is offered as part of the National NDIS Housing Portfolio, comprising seven (7) assets for sale individually or in-one line across Victoria and Canberra.

All assets are located within established residential locations with significant remaining tenure and notable underlying landholdings.

Bespoke construction and refurbishment across all homes has occurred with regular maintenance minimising immediate CAPEX expenditure.

With a 60% shortfall in disability housing as at Oct-2023, the demand for this essential service has never been greater with the strength of long-term demand prospects unquestionable.

+ Valuable NDIS compliant improvements of 230 sqm* with recent CAPEX expenditure to ensure minimal long-term maintenance costs

+ Land rich opportunity with a notable underlying landholding of 610sqm*

+ Leased to ACARES (Subsidiary of Zenitas Healthcare) – leading Australian provider of disability, aged care, and health services and owned by a notable consortium of private equity capital

+ Annual income of $73,191 pa* plus outgoings with fixed annual 3.5% increases

+ Ten (10) year lease term plus two (2) further ten (10) year options to 2051

LOCATION

+ 77% of Victorian Disability Accommodation participants live within the City of Frankston (source: ndis.gov.au)

+ High density residential area within immediate proximity to key essential services and amenities such as Skye Medical Centre (250m*) and Carrum Downs Regional Shopping Mall (1km*)

+ Well connected to public transport with multiple bus stops plus positioned 2.7km* from the Peninsula Link, connecting to major Melbourne arterial roadways

+ High growth median house price location with Carrum Downs having seen a 107% increase in past 10 years (currently $750,000)

+ Essential shopping services include Woolworths, Kmart, Priceline Pharmacy, as well as restaurants & cafés, complimented with ample parklands

FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING Thursday 23rd November 2023 at 2:00pm (AEST)

For further information, contact the exclusive sales agents

Marcello Caspani-Muto

+61 417 065 777

Sandro Peluso

+61 418 389 757

Jimmy Tat

+61 439 399 118

*approx.

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