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SOLD

12-16 Capel Avenue, CAPEL SOUND, VIC 3940

Development Approved
DETAILS
Prime Fully Leased Investment Opportunity
  • Market leading ASX listed operator
  • Brand new lease with options
  • $525,000pa + GST & Outgoings

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.com.au

DEVELOPMENT SITE SUMMARY
EOI:
TITLE:
EOI Closed - Offers Under Review
Property Area
AREA:
4290 m² (*approx)
Property Type
TYPE:
Commercial, Child/Healthcare, Aged Care, Other, Aged Care, Other
Development Approved
DEVELOPMENT APPROVAL:
Commercial development Opportunity (STCA)

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12-16 Capel Avenue, CAPEL SOUND, VIC 3940

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