547-567 Bell Street Preston VIC 3072

Under instructions from Baptcare, CBRE Australian Healthcare & Social Infrastructure are excited to present 547-567 Bell Street, Preston. With vacant residential accomodation having become increasingly popular amongst occupiers, investors and healthcare/accommodation conversion users, an opportunity this close to the Melbourne CBD is rarely offered and further consideration is recommended.

OVERVIEW

+Former residential accomodation with dual street frontage and valuable rear lane-way access

+Highly valuable, multi-level existing improvements featuring 48 rooms (all w/ensuite)

+Corner landholding of 2,637sqm* zoned General Residential allowing for numerous end uses including occupation, value-add, redevelopment, land-banking, NDIS Accommodation or healthcare conversion (STCA)

+Existing building area of 1,850sqm* maintained to an impressive standard with on-site parking for 29 vehicles plus bike storage

+Multiple points of access via Bell or Scotia Streets with full at-grade access, pickup/drop-off entrance and ample surrounding street parking

LOCATION

+High exposure location with over 15,000* vehicles passing daily

+Strong historical growth location with Preston's median house price having increased 33% over the past three years (Q2 2019 - Q2 2022)*

+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 dense 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 with 20%* of the population aged over 70 years old.

For Sale Via Expressions of Interest closing Thursday 25th August at 2:00pm

For more information please contact the exclusive sales and marketing agents

Sandro Peluso
+61 418 389 757

Jimmy Tat
+61 439 399 118

Marcello Caspani-Muto
+61 417 065 777