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Premium Aged Care Investment

340-344 Springvale Road, SPRINGVALE VIC, 3171

Sold

Property Sold in 340-344 Springvale Road, SPRINGVALE VIC, 3171

Listing ID:
11375631
Status:
Sold
Last Updated:
13/03/2020
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Property Type

Medical/Consulting/Land/Development/Other
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Land Area

4347 SQM
Icon size

Floor Area

2780 SQM
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Parking

N/A

Premium Aged Care Investment

Savills is delighted to offer for sale this major freestanding residential aged care facility located at 340-344 Springvale Road, Springvale. This major social infrastructure investment has undergone a multi-million dollar refurbishment which was completed in 2018, providing a modern aged care facility ideally positioned within the Springvale Activity Centre.

The key attributes of this outstanding asset include:

- Quality 71 bed residential aged care facility
- High profile corner landholding of 4,347sq m*
- New 6 year lease to Japara Aged Care Services Pty Ltd, a wholly owned subsidiary of ASX listed Japara Ltd
- Net Rental: $750,000 per annum
- Recent $2.6m CapEx providing significant depreciation benefits
- Favourable Commercial 1 Zone within the Springvale Activity Centre
- Rare Social Infrastructure Investment opportunity
- Strong occupancy attributed to a host of immediate lifestyle amenity
- Direct proximity to Springvale Shopping Centre, Springvale Train Station, parks and recreation facilities
*Approx.

SOLD

Savills Agents:
Julian Heatherich: 0412 995 655
Benson Zhou: 0458 488 888
Mark Stafford: 0404 401 053

For more details, please email agent

Savills Melbourne

Level 29, South Tower, 80 Collins Street, , Melbourne, VIC 3000


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