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296-304 Springvale Road, Donvale, VIC, 3111
Investment Potential
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Property Highlights

FLAGSHIP EASTERN SUBURBS AGED CARE/HEALTHCARE/SENIORS LIVING OPPORTUNITY - OCCUPY, INVEST, DEVELOP OR LAND BANK
  • Highly valuable existing improvements
  • Land area of 18,224sqm*
  • Offered with vacant possession

CBRE Australian Healthcare & Social Infrastructure is proud to exclusively present 296-304 Springvale Road, Donvale. A considerable former Residential Aged Care home with irreplaceable existing improvements and immediate potential to occupy, re-position or expand. 

Located within one of Victoria’s most desirable postcodes, the subject property’s placement, coupled with irreplaceable 9C compliant improvements, make this one of the most notable vacant aged care propositions in recent Australian history.

Fully operational until late July 2023, immediate or partial occupation of the subject property is possible with oversized hallways, doorways and bedrooms suiting Aged Care, Seniors Living, Healthcare, NDIS/SDA or accommodation related users.


OVERVIEW 

+Highly valuable existing improvements comprising 113 single rooms

+Adjoining vacant land parcel of 6,243sqm* allowing future expansion or a mixed-use proposition (STCA)

+Offered with vacant possession

+Building area of 6,603sqm* across two levels with multiple communal lounge/dining and recreation spaces and full disability access 

+Substantial underlying land area of 18,224sqm* across two titles

+Suited to a variety of end users including Aged Care, Retirement, Hospital, Rehab, Land Banking, Supported Residential Services, Specialist Disability Services, Short Stay Accommodation and more (STCA)

 

LOCATION 

 

+Located within Melbourne’s highly coveted eastern corridor, only 20km* from Melbourne CBD

+Strategically positioned on the Springvale Road thoroughfare with a combined  170m* street frontage and over 12,000 vehicles passing daily

+Direct access (1km*) to the Eastern Freeway / Eastlink providing immediate passage to both the Melbourne CBD or Mornington Peninsula 

+Situated within one of Victoria's most desirable municipalities, Donvale – featuring a median house price exceeding $1,500,000* 

+Well serviced by immediate retail, healthcare and lifestyle amenities with Tunstall Square Shopping Centre, Donvale Reserve, Donvale Rehabilitation Hospital (Ramsay Healthcare), Westfield Doncaster and more a short distance away.

 

FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING TUESDAY 5TH SEPTEMBER AT 2.00PM (AEST)

 

OPEN FOR INSPECTIONS (By Appointment):

+Wednesday 9th August at 10:00am 

+Wednesday 16th August at 10:00am 

+Wednesday 23rd August at 10:00am 

+Wednesday 30th August at 10:00am 

 

For further information contact Australia’s market leading Healthcare & Social Infrastructure specialists:

 

Marcello Caspani-Muto 

+61 417 065 777

Sandro Peluso 

+61 418 389 757 

Jimmy Tat 

+61 439 399 118 

*approx.

Remember to mention you found this property on CommercialReady

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STEP 01 Finance type
Commercial Investment Finance
STEP 02 Property Address
296-304 Springvale Road, Donvale, VIC, 3111
STEP 03 Contact a finance professional

Map: 296-304 Springvale Road, Donvale, VIC, 3111