Receivers Appointed - Former Aged Care Facility with Development Upside
On behalf of Phil Carter and Daniel Walley of PwC as Receivers and Managers of the Mortgagee, Knight Frank is excited to present a DA approved Supported Independent Living (SIL) Group Home for sale in a premium metropolitan South Sydney suburb.
34 Bayview Street, Arncliffe presents as an established building with 825 sqm* GFA over a large 1,250 sqm* block.
Opportunity Highlights:
- Rare Arncliffe repositioning or re-development opportunity in established suburban market
- Large and flat land holding 1,250 sqm* with valuable R3 Medium Density zoning
- Substantial and flexible 825 sqm* improvements ripe for renovation, refurbishment or repositioning
- Expansive and valuable 23m* frontage to Bayview Street, with existing Driveway access
- Highly functional 33 room aged care building, with potential to convert to alternate uses (STCA)
- DA approved for renovation and conversion to Specialist Disability Accommodation (SDA)
- 500 m* walk to Banksia Train Station, bus stops and retail village
- Underpinned by significant development potential including townhouses, child care, boarding house or duplex homes (STCA)
Underpinned by high value planning controls and a flexible R3 zoning, the land lends itself well the existing aged care improvements, adaptive re-use, or new development.
34 Bayview Street is for sale via Expressions of Interest closing Thursday, 30 March 2023 at 4.00pm (AEDT).
For more information or to arrange an inspection please contact the exclusive selling agents.
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