12-16 Capel Avenue, CAPEL SOUND, VIC 3940

Development Approved
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


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

EOI Closed - Offers Under Review
Property Area
4290 m² (*approx)
Property Type
Commercial, Child/Healthcare, Aged Care, Other, Aged Care, Other
Development Approved
Commercial development Opportunity (STCA)

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12-16 Capel Avenue, CAPEL SOUND, VIC 3940

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