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

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