CBRE Australian Healthcare & Social Infrastructure is proud to exclusively present 241 Dandenong Road, Windsor A highly regarded former residential Aged Care home suitable for both occupiers and investors within the City of Stonnington.
High quality existing improvements are complimented by a substantial multi-million-dollar renovation completed in 2023 and reducing future building CAPEX requirements
+Blue-chip and highly regarded former residential Aged Care home with 60 beds (all single rooms with en-suites) maintained to the highest of standards and ready for immediate occupation
+Recent multi-million dollar renovation complete in 2023 with high quality finishes modernising the entire ground floor and partial upper levels reducing inbound renovation costs
+Existing 3 level building envelope with a potential built form to exceed this as per independent planning advice (STCA)
+Projected fully leased income of $700,000p.a*+
+Land rich holding with a substantial area of 1,704sqm* - One of the largest land parcels offered in the City of Stonnington in recent times
+Existing building area of 2,286sqm* (RACF) offered with vacant possession
+High exposure location with 25m* frontage to Dandenong Road / Princes Highway with 34,000+* vehicles passing daily
+Suitable for a variety of outcomes including Residential Aged Care, Land banking, Supported Residential Services , NDIS Accommodation, Healthcare and more.
LOCATION
+High exposure location with 25m* frontage to Dandenong Road / Princes Highway with 34,000+* vehicles passing daily
+Blue-chip location within one of Australia's most desirable municipalities plus favourable Residential Growth Zoning
+Strong underlying land value with the City of Stonnington featuring a median house price exceeding $2,000,000*
+Ideally positioned within immediate proximity to the Iconic Windsor/St Kilda Healthcare precinct featuring The Avenue Hospital, Windsor Private Hospital, Cabrini Hospital, Masada Private Hospital and The Alfred
+A stones through to dense retail and educational amenity including, St Mary's School, King David School, Coles, Woolworths and the Chapel Street and Williams Road retail strips
+Significant demand for boutique and large-scale residential projects with Windsor classified as a "High demand market"
FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 18TH JULY 2024
For further information, please contact the exclusive sale and marketing agents:
Marcello Caspani-Muto
+61 417 065 777
Jimmy Tat
+61 439 399 118
Sandro Peluso
+61 418 389 757
approx*
