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2. Property Highlights

OCCUPY, VALUE ADD OR INVEST IN A MAJOR SOCIAL INFRASTRUCTURE AND EDUCATION HUB
  • Land area of 5,614sqm*
  • Highly valuable existing improvements
  • Existing COY for Aged Care Use

CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 8-18 Edward Street, Burwood – A considerable former Residential Aged Care Home plus adjoining land across three titles, allowing expansion or a mixed-use outcome.

Constructed in circa 2002 the subject property is suited to a myriad of potential users given it's location and immediate extension or value-add potential.

OVERVIEW

+High-quality existing Residential Aged Care improvements previously operational for 45 beds plus adjoining landholdings on either side of the property

+Combined underlying land area of 5,614sqm* zoned General Residential

+Offered with vacant possession and featuring parking for 20 vehicles (basement)

+Existing building area of 1,746sqm* (RACF only) with a projected fully leased income of $425,000-$475,000p.a* plus

+Current planning approval for a multi-level aged care redevelopment comprising 110 beds

+ Approved provider company available with 45 bed license

+Suited to a variety of end users including Aged Care, Hospital, Childcare, Rehab, Land banking, Supported Residential Services, Specialist Disability Accomodation, and more (STCA)

LOCATION

+Strong underlying land value with Burwood featuring a median house price exceeding $1,400,000* (Dec-22)

+Surrounded by the Eastern suburbs most desirable postcodes including Box Hill, Surrey Hills, Camberwell and Canterbury

+Within a major social infrastructure hub and a stone’s throw to dense education, parkland, healthcare and retail amenity including Deakin University, Presbyterian Ladies College (PLC), Wattle Park, Burwood Brickworks, SIA Medical and more

+Highly favourable demographic trends for healthcare with 15%* of the population aged over 70 years old

EXPRESSIONS OF INTEREST CLOSED - OFFERS UNDER REVIEW

For more information please contact the exclusive sales and marketing agents

Sandro Peluso

+61 418 389 757

Marcello Caspani-Muto

+61 417 065 777

Jimmy Tat

+61 439 399 118

Remember to mention you found this property on DevelopmentReady

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3. Property Location

8-18 Edwards Street, BURWOOD, VIC 3125