15 George Street, Kensington, WA, 6151

CBRE are pleased to present for sale Alexandra Retirement village located at 15 George Street, Kensington. A generational investment opportunity to acquire a retirement village facility in the tightly held suburban location of Kensington which is currently going through significant period of gentrification.

High Quality Facilities

The dwellings present particularly well with all apartments and amenities maintained to a high standard ensuring modern and inviting environments for all residents. Extensive landscaping and cul-de-sac road configurations further enhance the appeal and live-ability of the village.

Rare Buying Opportunity

A core landholding comprising 9,697sqm site positioned on George Street, Alexandra Village represents a rare investment opportunity to acquire a retirement village facility in a suburb which is going through significant gentrification.

Fantastic Surrounding Amenity

Located only 3.5km south-east of the Perth CBD, the property is surrounded by the a range of amenity, including the renowned Collier Park Golf Course, Curtin University and retail precincts of South Perth and Victoria Park all close by.

Highly Favourable Supply/Demand Metrics

The demand for residential properties in the Perth metropolitan area is experiencing a major undersupply with the vacancy rate currently sitting at 0.7%. Limited future supply is restricted due to increasing construction costs which underwrites the assets demand profile.

Attractive Sector Dynamics

An ageing Australian population, which underpins healthy long term growth expectations in the healthcare sector. City of South Perth has a characteristically high ageing population with an average age of 51.1% for females and 48.9% for males (ABS census 2021).

For sale via Offers to Purchase campaign

Please contact the exclusive agent for further details

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