547-567 Bell Street (Cnr Scotia Street) Preston VIC 3072

CBRE Australian Healthcare & Social Infrastructure is pleased to exclusively present for sale, 547-567 Bell Street, Preston (Cnr Scotia Street) - A high exposure former aged care home with an all encompassing renovation complete in October 2024. Immediate occupation is possible with all certification in-place inclusive of SDA/NDIS compliance.

Modern and high quality improvements allow for immediate use across multiple sectors including, Aged Care, NDIS/SDA/MTA, Short Stay Accommodation, Healthcare, Affordable Housing and more.

The Asset is offered for sale via International Expressions of Interest closing Thursday 5th December 2024 at 2:00pm AEDT

+Highly valuable, multi-level improvements featuring 41 Rooms and associated spaces including 2 kitchens, gymnasium and staff areas

+ Oversized rooms with high end finishes expected across premium residential offerings

+Corner landholding of 2,637sqm* zoned General Residential allowing for numerous end uses and strong long-term redevelopment prospects

+Fully renovated improvements suitable to immediate occupation across Aged Care, NDIS/SDA, Short Stay Accommodation, Healthcare, Affordable Housing and more

+ Existing building area of 1,850sqm* with secure under croft parking for 29 vehicles plus bike storage

+Multiple points of access/egress via Bell Street, Scotia Street or Rear Lane-Way options with full at-grade access

LOCATION

+High exposure location with over 42,000* vehicles passing daily (Bell Street)

+Strong historical growth location with Preston's median house price having increased 70%* Since 2015

+ Surrounded by blue-chip suburbs including Northcote, Brunswick and Thornbury all of which have seen a meteoric rise in popularity over the past half-decade

+Ideally positioned moments from retail, education and community amenity including Preston South shopping centre, Ray Bramham Gardens, Bowden Reserve, Melbourne Polytechnic, Sacred Heart School, Preston Highschool and more

+ Highly favourable demographic trends for Healthcare or Aged Care related use with over 10%* of the population aged over 70 years old

For further 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

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