Commercial Collective Health, Aged Care & Retirement (CCHACR), have just transacted a DA approved 105 bed residential aged care site, along with 105 pre-97 bed licenses located at 181 Forest Way, Belrose Sydney NSW. The site was sold to an ASX listed aged care provider Regis Healthcare ltd.
“Both the vendor and purchaser are happy with the price equating to approximately $134,000 per bed,” Commercial Collective’s Shane Nicholson said. “Regis will construct a five-star residential aged care facility on the site which will present views across the national parks to the northern beaches coastline and beyond.”
The approved development application for an aged care facility comprises 105-beds (100 rooms), including dementia ward and gardens, café, hair salon, dining areas, private dining room and lounge areas, outdoor terrace areas, staff amenities, commercial kitchen and laundry - all of which are located on a 20,844sqm (approximately) site.