36A East Esplanade, St Albans, VIC, 3021

Colliers Melbourne North West are delighted to offer 36a East Esplanade, St Albans for Sale By Expressions of Interest closing Tuesday 16th June at 3pm.

Key investment highlights:

• Purpose built community care facility delivering accommodation and healthcare in one location

• Set and forget investment with no leasing or management complexity

• Premium four storey development with on-site secure car parking

offered in one line

• Comprising twelve high quality self-contained 2-bedroom apartments designed to meet High Physical Support standards

• Two separate ground level commercial tenancies providing allied health services for physiotherapy, occupational therapy and group fitness

• Single head lease to an established SDA operator with national footprint

• Returning $650,000* per annum plus GST

• 15-year lease from December 2024 with options until 2049

• Tenant responsible for all outgoings, repairs and maintenance as per the lease

• Land tax exempt and significant depreciation benefits

• Strategic metropolitan location within an established healthcare and education precinct only 350m* to Alfreida Streets thriving retail / commercial hub

• Close proximity to Sunshine Hospital (2.8km*) and Victoria University St Albans Campus (1.2km*)

• Outstanding public transport amenity and St Albans Station 400m* south

• 17km* north west of Melbourne’s CBD

• Rare opportunity to secure a long-leased healthcare asset combining strong income, minimal management and an integrated care ecosystem

For more information or to arrange an inspection please contact the exclusive selling agents Colliers:

Ervin Niyaz 0404 808 327

Travis Keenan 0412 120 943

Heath Wakeham 0437 875 661

Jem Ali Nolan 0477 252 490

Remember to mention you found this property on CommercialReady