• 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

SOLD

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

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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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