PROMINENT FREESTANDING HOSPITAL IN BAYSIDE LOCATION WITH SIGNIFICANT DEVELOPMENT UPSIDE
CBRE Healthcare and Social Infrastructure and CBRE City Sales and Victorian Development Sites in conjunction with Magree Property Advisory are delighted to be presenting for your consideration the private hospital, located at 152 Como Parade West, Parkdale.
This Bayside value add opportunity offers the following features;
+ Existing hospital improvements of 3,500sqm* with the property currently used by Calvary Health Care for their specialist palliative care and progressive neurological disease services offering.
+ It provides 18 single and 7 double rooms (32 beds total) with other accommodation including a diversional therapy gymnasium, consulting rooms, office suites and physiotherapy treatment rooms
+ Offered with a short-term lease to Calvary Health Care providing multiple value add strategies to reposition the asset - subdivide for multiple tenancies or develop (STCA)
+ Over an acre of bayside land (4,765sqm*) and close proximity to Port Phillip Bay, St Bede’s College and Parkdale retail precinct
+ A dominant location in close proximity to Parkdale Train Station and with excellent exposure and over 50m* of frontage to Como Parade West
+ Located within the prestigious and tightly held suburb of Parkdale, with a median house price of $1,225,000 (Parkdale has experienced 81% capital growth since 2012)*
EXPRESSIONS OF INTEREST NOW CLOSED
For information please contact the exclusive sales and marketing agents:
Julian White
+ 61 422 764 137
Josh Twelftree
+61 452 524 985
Jimmy Tat
+61 439 399 118
Transaction managed by Dan Magree of Magree Property Advisory
P: 0438 282 022
E: dan@magreeproperty.com.au
*approx
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