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430-432 Main Road
Lower Plenty VIC 3093
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Sold on 26 Feb 2024

430-432 Main Road Lower Plenty VIC 3093

  • Medical / Consulting
  • 1 m²
  • Sold

46 bed SRS aged care freehold investment for sale

    Current rent: $295,435.42 + GST p.a. plus all outgoings
    Currently exempt from land tax
    Term of Lease: 5 years starting on 1 May 2023 with 3 further terms of 5 years each
    Further Terms: 3 further terms of 5 years each
    Rent Review: Annual CPI increases, Market reviews at the commencement of any further term
    Total land size: 4,385m2 (approx.)
    Golden opportunity to acquire an established facility on a substantial block with good underlying land value
    High quality tenant who has operated at this facility for 14 years and continuing on new lease
    Registered for 46 beds comprising of 44 single bedrooms and 1 double bedroom, all with ensuites
    This purpose built facility features a commercial kitchen, separate 3 bedrooms managers residence and multiple indoor and outdoor activity areas
    Facility is supported by amenities in close proximity including medical centres, hospitals, recreational facilities, community centres and more
    Approx 15-minute drive from Austin Hospital with 800 beds, 26 wards accommodating medical, surgical and speciality services and 24 hour emergency
    Substantial building of approximate 1,748 sqm lettable area, replacement value is substantial

    UNDER OFFER

    Please contact Jonathan Lan on 0422 358 259 or Wendy Zhou 0422 011 188 to receive a detailed information memorandum

    ********

    Land is exempt if it is occupied, or currently available for occupation, as a residential care facility that is operated by an approved provider or is a supported residential service. These terms are respectively defined in the Aged Care Act 1997 and the Supported Residential Services (Private Proprietors) Act 2010.

    Photos for indicative purposes only

    ASL Real Estate and/or their agents, for themselves and for the vendor of this property for whom they act give notice that (i) All information given in relation to this property, whether contained in this document or given orally, is given without responsibility, (ii) Intending purchasers should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iii) No person in the employment of ASL Property Group has any authority to make or give any representation or warranty.

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    ASL Real Estate
    ASL Real Estate
    130-132 High Street
    Kew, VIC 3101

    Property Highlights

    Date Sold26 Feb 2024
    Floor Area1 m²
    Land Area4,385 m²
    ParkingAsk Agent
    Property ID2019053245
    Category
    Last updated  14 Mar 2024
    Map for 430-432 Main Road Lower Plenty VIC 3093
    ASL Real Estate
    ASL Real Estate
    130-132 High Street
    Kew, VIC 3101

    Property Highlights

    Date Sold26 Feb 2024
    Floor Area1 m²
    Land Area4,385 m²
    ParkingAsk Agent
    Property ID2019053245
    Category
    Last updated  14 Mar 2024

    Co-Agents

    More about 430-432 Main Road Lower Plenty VIC 3093

    430-432 Main Road Lower Plenty VIC 3093 is categorized as Medical & Consulting Property. It has a floor area of 1 m² and a land area of 4,385 m². The listing ID for this property is 2019053245.

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