470-476 Springvale Road Springvale South VIC 3172

CBRE Healthcare & Social Infrastructure is proud to exclusively present for lease 470-474 Springvale Road, Springvale South A high exposure tenancy opportunity with premium quality recently refurbished existing improvements allowing for immediate usage

+Highly regarded residential Aged Care facility featuring 42 beds (all single rooms with en-suite) with a multimillion-dollar refurbishment complete as of 2019

+Substantial landholding of 2,928sqm*

+Existing building area of 1,551sqm* (RACF)

+Ample parking with 11 at-grade spaces plus all day parking via Springvale service road

+High exposure location with 70m* frontage to Springvale Road and 15,000+* vehicles passing daily

LOCATION

+Strong historical growth location with Springvale's median house price having increased 47%* since 2015

+Ideally positioned moments from dense retail, education and community amenity including Athol Road Shopping Centre, Spring valley Park, Springvale south reserve, Keysborough secondary college, Keysborough primary school, Springvale shopping centre and more

+Highly favourable demographic trends for healthcare with 15% of the population aged over 65 years old.

+Springvale is known as the multicultural hub of Melbourne and boasts eclectic dining, fresh produce, shopping, entertainment, and cultural events as good as any found in Australia and is a key secondary business and leisure district of Melbourne touted as the next satellite CBD, now home to a new 216 room Hyatt Hotel

FOR LEASE VIA EXPRESSIONS OF INTEREST

Jimmy Tat
+61 439 399 118

Marcello Caspani-Muto
+61 417 065 777

Sandro Peluso
+61 418 389 757

approx*