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547-567 Bell Street, PRESTON, VIC 3072
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Property Highlights

VALUE ADD, OCCUPY, RE-POSITION OR LANDBANK – AN ICONIC OPPORTUNITY WITH UNPRECEDENTED EXPOSURE UNDER 9KM FROM THE MELBOURNE CBD
  • Combined frontage of 134m
  • Building area of 1,850 sqm*
  • Offered with Vacant Possession

Under instructions from Baptcare, CBRE Australian Healthcare & Social Infrastructure are excited to present 547-567 Bell Street, Preston. With vacant residential accomodation having become increasingly popular amongst occupiers, investors and healthcare/accommodation conversion users, an opportunity this close to the Melbourne CBD is rarely offered and further consideration is recommended.

OVERVIEW

+Former residential accomodation with dual street frontage and valuable rear lane-way access

+Highly valuable, multi-level existing improvements featuring 48 rooms (all w/ensuite)

+Corner landholding of 2,637sqm* zoned General Residential allowing for numerous end uses including occupation, value-add, redevelopment, land-banking, NDIS Accommodation or healthcare conversion (STCA)

+Existing building area of 1,850sqm* maintained to an impressive standard with on-site parking for 29 vehicles plus bike storage

+Multiple points of access via Bell or Scotia Streets with full at-grade access, pickup/drop-off entrance and ample surrounding street parking

LOCATION

+High exposure location with over 15,000* vehicles passing daily

+Strong historical growth location with Preston’s median house price having increased 33% over the past three years (Q2 2019 - Q2 2022)*

+Surrounded by blue-chip suburbs including Northcote, Brunswick and Thornbury all of which have seen a meteoric rise in popularity over the past half-decade

+Ideally positioned moments from dense retail, education and community amenity including Preston South shopping centre, Ray Bramham Gardens, Bowden Reserve, Melbourne Polytechnic, Sacred Heart School, Preston Highschool and more

+Highly favourable demographic trends for healthcare with 20%* of the population aged over 70 years old.

For Sale Via Expressions of Interest closing Thursday 25th August at 2:00pm

For more information please contact the exclusive sales and marketing agents

Sandro Peluso

+61 418 389 757

Jimmy Tat

+61 439 399 118

Marcello Caspani-Muto

+61 417 065 777

Remember to mention you found this property on DevelopmentReady

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