92 Liberty Parade, Bellfield, VIC, 3081

CBRE Australian Healthcare & Social Infrastructure is pleased to exclusively present for sale, 92 Liberty Parade, Bellfield. The subject property is offered as part of the National NDIS Housing Portfolio, comprising seven (7) assets for sale individually or in-one line across Victoria and Canberra.

All assets are located within established residential locations with significant remaining tenure and notable underlying landholdings.

Bespoke construction and refurbishment across all homes has occurred with regular maintenance minimising immediate CAPEX expenditure.

With a 60% shortfall in disability housing as at Oct-2023, the demand for this essential service has never been greater with the strength of long-term demand prospects unquestionable

+ Valuable NDIS compliant improvements of 283 sqm* with recent CAPEX expenditure to ensure minimal long-term maintenance

+ Land rich opportunity with a notable underlying landholding of 705sqm*

+ Leased to ACARES (Subsidiary of Zenitas Healthcare) – leading Australian provider of disability, aged care, and health services and owned by a notable consortium of private equity capital

+ Annual income of $110,039 pa* plus outgoings with fixed annual 3.5% increases

+ Ten (10) year lease term plus two (2) further ten (10) year options to 2051

LOCATION

+ 30% of Victorian Disability Accommodation participants live within the City of Banyule (source: ndis.gov.au)

+ High density residential area with proximity to numerous healthcare and community amenity including Heidelberg Repatriation Hospital (1.3km*), Ford Park (240m*), Northland Shopping Centre (1.7km*) & Bell Street’s golden commercial mile (1km*)

+ Well-connected to public transport with the newly built Bell Train Station & Heidelberg Train Station both within 3km*, as well as consistent bus services running through Bell Street, accompanied by access to major roadways linking to Melbourne’s arterials

+ Bellfield median house price of $930,000 – reflecting strong underlying land value, in-line with investment range

FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING Thursday 23rd November 2023 at 2:00pm (AEST)

For further information, contact the exclusive sales agents

Marcello Caspani-Muto

+61 417 065 777

Sandro Peluso

+61 418 389 757

Jimmy Tat

+61 439 399 118

*approx.

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