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296-304 Springvale Road
Donvale VIC 3111
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Sold on 16 Oct 2023

296-304 Springvale Road Donvale VIC 3111

  • Medical / Consulting
  • 6,603 m²
  • Sold

FLAGSHIP EASTERN SUBURBS AGED CARE/HEALTHCARE/SENIORS LIVING OPPORTUNITY - OCCUPY, INVEST, DEVELOP OR LAND BANK

  • Highly valuable existing improvements
  • Land area of 18,224sqm*
  • Offered with vacant possession

CBRE Australian Healthcare & Social Infrastructure is proud to exclusively present 296-304 Springvale Road, Donvale. A considerable former Residential Aged Care home with irreplaceable existing improvements and immediate potential to occupy, re-position or expand.

Located within one of Victoria's most desirable postcodes, the subject property's placement, coupled with irreplaceable 9C compliant improvements, make this one of the most notable vacant aged care propositions in recent Australian history.

Fully operational until late July 2023, immediate or partial occupation of the subject property is possible with oversized hallways, doorways and bedrooms suiting Aged Care, Seniors Living, Healthcare, NDIS/SDA or accommodation related users.

OVERVIEW

+Highly valuable existing improvements comprising 113 single rooms

+Adjoining vacant land parcel of 6,243sqm* allowing future expansion or a mixed-use proposition (STCA)

+Offered with vacant possession

+Building area of 6,603sqm* across two levels with multiple communal lounge/dining and recreation spaces and full disability access

+Substantial underlying land area of 18,224sqm* across two titles

+Suited to a variety of end users including Aged Care, Retirement, Hospital, Rehab, Land Banking, Supported Residential Services, Specialist Disability Services, Short Stay Accommodation and more (STCA)

LOCATION

+Located within Melbourne's highly coveted eastern corridor, only 20km* from Melbourne CBD

+Strategically positioned on the Springvale Road thoroughfare with a combined 170m* street frontage and over 12,000 vehicles passing daily

+Direct access (1km*) to the Eastern Freeway / Eastlink providing immediate passage to both the Melbourne CBD or Mornington Peninsula

+Situated within one of Victoria's most desirable municipalities, Donvale featuring a median house price exceeding $1,500,000*

+Well serviced by immediate retail, healthcare and lifestyle amenities with Tunstall Square Shopping Centre, Donvale Reserve, Donvale Rehabilitation Hospital (Ramsay Healthcare), Westfield Doncaster and more a short distance away.

FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING TUESDAY 5TH SEPTEMBER AT 2.00PM (AEST)

For further information contact Australia's market leading Healthcare & Social Infrastructure specialists:

Marcello Caspani-Muto
+61 417 065 777

Sandro Peluso
+61 418 389 757

Jimmy Tat
+61 439 399 118

*approx.

CBRE
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Date Sold16 Oct 2023
Floor Area6,603 m²
Land Area1.82 ha
ParkingOn site parking available
Property ID2018685007
Category
Last updated  15 Oct 2023
Map for 296-304 Springvale Road Donvale VIC 3111
CBRE
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Date Sold16 Oct 2023
Floor Area6,603 m²
Land Area1.82 ha
ParkingOn site parking available
Property ID2018685007
Category
Last updated  15 Oct 2023

More about 296-304 Springvale Road Donvale VIC 3111

296-304 Springvale Road Donvale VIC 3111 is categorized as Medical & Consulting Property. It has a floor area of 6,603 m² and a land area of 1.82 ha. The listing ID for this property is 2018685007.

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