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Parkview Nursing Home, 29 Park Road, FIVE DOCK, NSW, 2046

+21 Photos

+23 Photos

SOLD

Parkview Nursing Home, 29 Park Road, FIVE DOCK, NSW, 2046

Properties / Sold / New South Wales / Five Dock

Tenanted Investment

1. Property Summary

Selling Method

For Sale

Selling Details

Contact Agent

Land Area

1,550 m² (*approx)

Floor Area

1424 m² (*approx)

Property Type

Child/Healthcare, Other, Land

Est. Income

$4,500,000 p/a

Car Spaces

Show All

2. Property Highlights

Inner City Freehold Aged Care Facility with Significant Value-Add Potential

Highly Valuable 59 Bed Licenses
Total Internal Area: 1,423.96sq m*
Total Site Area: 1,550sq m*

*** EOI is closed - Offers under consideration ***

Savills Metropolitan & Regional Sales along with Wexted Advisors are pleased to exclusively offer Parkview Nursing Home, 29 Park Road, Five Dock for sale via an Expressions of Interest campaign.

29 Park Road, Five Dock, is a unique freehold investment within one of Sydney’s most sought after and tightly held asset classes. A fully licensed residential aged care facility positioned in the highly desirable Inner West should be of appeal to many astute investors or aged care providers.

Investment Highlights:

- Rarely offered freehold aged care investment

- Operating with 59 bed licenses

- Generates significant annual revenue above $4.5m per annum

- Dominant land parcel of 1,550sq m* with 40m* frontage

- Building Area: 1,423.96sq m*

- Development Control Plan: Canada Bay Local Environmental Plan 2013

- Zoning: R3 Medium Density Residential

- Opportunity to renovate existing facility or potential for new facility redevelopment (STCA)

- Only 250m* from Five Dock’s main retail strip, Great North Road

- Car Parking: Free on-street parking and 1 off-street car parking space

- Sales Process: For sale via International Expressions of Interest closing 2pm Thursday 10 December 2020

The Contract of Sale and relevant due diligence material are available to interested parties upon request from the exclusive agents.

*Approx.

Remember to mention you found this property on CommercialReady.com.au