Savills is delighted to offer for sale this prime residential aged care investment at 12-16 Capel Avenue, Capel Sound. This rare social infrastructure investment is underpinned by a brand new lease to a market leading aged care provider and is further supported by a large underlying landholding situated on the stunning Mornington Peninsula.
The key attributes of this premium property include:
• High quality 58 bed aged care facility
• Brand new 6 year lease with 3 x 4 year options to a wholly owned subsidiary of ASX listed Japara Ltd
• Net rental of $525,000 per annum + GST & Outgoings
• Significant refurbishment completed in 2020
• Land area of 4,290sq m*
• General Residential 1 Zoning
• Ideal Mornington Peninsula location just moments from Rosebud Plaza and Rosebud Hospital
*Approx.
This property is offered alongside 440 Station Street, Bonbeach with the ability to secure these aged care investments individually or together.
For Private Sale
Savills Agents:
Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 8883
Remember to mention you found this property on DevelopmentReady
