Commercial: Aged Care
AGED CARE DEVELOPMENT OPPORTUNITY!
Located 28km* East of Melbourne’s CBD in the well-established suburb of Croydon, 12-22 Mount Dandenong Road sits between Croydon and Ringwood’s activity centres. Croydon is renowned as a green and spacious family-friendly suburb. Home to Maroondah Hospital and retail precincts, the suburb boasts a convenient location that is close to the Eastland Shopping Centre development, Lilydale Train line and easy access to the Eastlink freeway network.
12-22 Mount Dandenong Road has a total site area of 9,111sqm* on 3 separate titles with free standing homes.
The property sits within a Neighbourhood Residential Zone Schedule 2 under the Maroondah City Council and boasts an extensive main road frontage of approximately 110m.
An aged care development scheme has been undertaken by Marchese Partners to demonstrate an indicative yield of 135 rooms. With the increasing demand for medium density Aged Care residences in Metropolitan Melbourne, this represents a prime opportunity to deliver a purpose built new facility.
BASIS OF SALE
To be sold via Expression of Interest campaign closing Wednesday 26th August at 4pm.
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