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Gross Waddell ICR is delighted to offer for sale 2A St James Court, Blackburn South - a former retirement village (serviced apartments) comprising 41 units and complementary amenities. Given the scale and quality of the existing improvements, there is inherent value for immediate occupation, expansion, or conversion to alternative residential uses (STCA).
• Blue-chip and highly regarded former serviced apartment retirement village, maintained to the highest standards and ready for immediate occupation
• Versatile single-level facility featuring 41 units and a range of communal spaces, commercial kitchen and courtyards
• High-quality existing improvements, well complemented by ongoing renovations that reduce future building CAPEX requirements
• Suited to a variety of end users including retirement living, aged-care, day hospital, supported residential services, NDIS accommodation, or conversion to residential student accommodation (STCA)
• Sprawling landholding of 4,582 sqm* with favourable General Residential Zoning (GRZ3)
• Strong underlying land value, with the City of Whitehorse featuring a median house price from $1,400,000 upwards
• Surrounded by a plethora of dense retail, educational, and lifestyle amenities including Forest Hill Chase, Burwood One, Burwood Brickworks, and the Canterbury and Middleborough Road retail villages
• Neighbouring Blackburn, Box Hill, and Burwood activity centres - providing intrinsic future growth potential for the immediate surrounds
The property is for sale via Expressions of Interest closing at 3:00 pm on Wednesday, 27th August 2025. For further information or to arrange an inspection, please contact the team at Gross Waddell ICR.
*approx.
Remember to mention you found this property on DevelopmentReady
Gross Waddell ICR is delighted to offer for sale 2A St James Court, Blackburn South - a former retirement village (serviced apartments) comprising 41 units and complementary amenities. Given the scale and quality of the existing improvements, there is inherent value for immediate occupation, expansion, or conversion to alternative residential uses (STCA).
• Blue-chip and highly regarded former serviced apartment retirement village, maintained to the highest standards and ready for immediate occupation
• Versatile single-level facility featuring 41 units and a range of communal spaces, commercial kitchen and courtyards
• High-quality existing improvements, well complemented by ongoing renovations that reduce future building CAPEX requirements
• Suited to a variety of end users including retirement living, aged-care, day hospital, supported residential services, NDIS accommodation, or conversion to residential student accommodation (STCA)
• Sprawling landholding of 4,582 sqm* with favourable General Residential Zoning (GRZ3)
• Strong underlying land value, with the City of Whitehorse featuring a median house price from $1,400,000 upwards
• Surrounded by a plethora of dense retail, educational, and lifestyle amenities including Forest Hill Chase, Burwood One, Burwood Brickworks, and the Canterbury and Middleborough Road retail villages
• Neighbouring Blackburn, Box Hill, and Burwood activity centres - providing intrinsic future growth potential for the immediate surrounds
The property is for sale via Expressions of Interest closing at 3:00 pm on Wednesday, 27th August 2025. For further information or to arrange an inspection, please contact the team at Gross Waddell ICR.
*approx.
Remember to mention you found this property on DevelopmentReady
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