HIGH EXPOSURE OPPORTUNITY WITH VALUABLE EXISTING IMPROVEMENTS ON NEAR 4,000SQM* OF LAND – OCCUPY / VALUE ADD OR REPOSITION
CBRE Healthcare & Social Infrastructure is proud to exclusively present 470-476 Springvale Road, Springvale South – A high exposure opportunity with valuable and recently refurbished existing improvements allowing multiple end-user outcomes.
OVERVIEW
+ Highly regarded former residential Aged Care home featuring 42 beds (all single rooms with en-suite) with a partial refurbishment complete as of 2019
+ Substantial landholding of 3,928sqm* across two titles allowing for further expansion, land banking or development
+ Existing building area of 1,551sqm* (RACF) offered with vacant possession
+ Projected fully leased income of $370,000p.a*
+ Ample parking with 11 at-grade spaces plus all day options via Springvale service road
+ High exposure location with 70m* frontage to Springvale Road and 15,000+* vehicles passing daily
LOCATION
+ Strong historical growth location with Springvale’s median house price having increased 47%* since 2015
+ Ideally positioned moments from dense retail, education and community amenity including Athol Road Shopping Centre, Spring valley Park, Springvale south reserve, Keysborough secondary college, Keysborough primary school, Springvale shopping centre and more
+ Highly favourable local demographic trends for health / aged care related services with 15% of the population aged 65 years or older
+ Springvale is known as the multicultural hub of Melbourne and boasts eclectic dining, fresh produce, shopping, entertainment, and cultural events as good as any found in Australia and is a key secondary business and leisure district of Melbourne touted as the next satellite CBD, now home to a new 216 room Hyatt Hotel
EXPRESSIONS OF INTEREST CLOSED - OFFERS UNDER REVIEW
Open For Inspection Schedule (Appointment Only)
Wednesday 16th March -11am-12pm
Tuesday 22nd March - 11am-12pm
Wednesday 30th March - 11am-12pm
For further information, please contact the exclusive sale and marketing agents:
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.com.au
