fbpx Skip to content

74 Warrandyte Road RINGWOOD, VIC 3134

Enormous Aged Care Freehold Landholding with High Yield

Sold

Expression of Interest Closing 29th of June 2023 at 4pm Unless Sold Prior

• 58 bed SRS aged care freehold
• Tenanted investment with a long-term lease in place
• Substantial land holding of 5,567m2 (approx.)
• Substantial purpose built quality facility of over 2000m2 (approx.)
• Superb rental return $661,025.24 + GST per annum
• Lease – 10 + 5 + 5 + 5 years from April 2020
• Annual review – 2.5%
• All rooms feature a private ensuite
• A tranquil environment for residents including a light-filled central dining and relaxation room complete with a cosy fireplace
• Strong demand for residential aged care in the area with 17 people aged over 65 for every SRS bed available within 3km
• Facility is supported by amenities close by that are pertinent to the business operations such as hospitals, medical centres, bowls club, public pools, community centres including RSL’s, shopping centres and much more

Contact: Jonathan Lan 0422 358 259

********
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) All information given in relation to this property is current up until the creation and distribution of this document, (iii) 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. (iv) No person in the employment of ASL Real Estate has any authority to make or give any representation or warranty.
By sending an enquiry to ASL Real Estate you agree to be marketed to in the future for similar properties through email alerts/SMS messages. This is at NO COST to you and at any time you wish to cancel your subscription please simply reply STOP.
http://www.consumer.vic.gov.au/duediligencechecklist

Property Features
  • Aged Care
  • Land is 5,567 m²

Inspection Times

No inspections are scheduled at this time.

Request more information