Receivers & Managers Appointed - Purpose Built Aged Care With Upside
On behalf of Phil Carter and Daniel Walley of PwC, Receivers and Managers appointed, Knight Frank is excited to present an exciting opportunity to acquire an existing purpose built 111 bed license aged care facility in South Sydney.
Opportunity Highlights;
- Existing 111 bed (65 rooms) RACF asset in established low density suburb close to transport
- 700 metre* walk to Kogarah Train Station and 1 km* walk to St George Public and Private Medical Precinct
- Large 2,733 sqm* land holding with valuable underlying R2 Low Residential Density planning control
- Fantastic building condition and presentation commensurate with high quality NDIS offering
- Range of high value uses permissible within existing R2 Zoning for potential adaptive re-use (STCA)
- Potential to increase RACF bed scale with inclusion of neighbouring detached property also for sale (Subject to subdivision)
- High exposure corner location, with excellent local area visibility and appropriate neighbourhood presence
- Two separate vehicular entries with staff car parking, commercial loading and industry specific service area
Located in a lush urban setting, 1-5 Verdun Street, Bexley presents as a well-maintained aged care facility with licensing for 111 beds over 65 rooms. The purpose-built asset presents in excellent condition with contemporary operating features including on-site laundry, staff parking, and purpose built loading areas.
Recently renovated, the asset is strategically positioned close to the nearby medical precinct of St George private and public hospitals, with proximity Kogarah Station and Kogarah Town Centre shops and services.
1-5 Verdun Street is for sale via Expressions of Interest closing Thursday, 30 March 2023, at 4.00pm (AEDT).
For more information or to arrange an inspection, please contact the exclusive agents.
*Approximately
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