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SOLD

13 Railway Road & 14 Lithgow Avenue, BLACKBURN, VIC 3130

Properties / Sold / Victoria / Blackburn

Development Potential

1. Property Summary

Property Type

Child/Healthcare, Residential, Commercial

Sub Type

Aged Care

Land Area

4,082 m² (*approx)

Selling Method

Expressions of Interest: Closing Thursday 6th September 2018 at 3pm.

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2. Property Highlights

Aged Care Investment on Huge 4,082m2* - UNDER OFFER

A longstanding Aged Care/Special Residential Services facility known as ‘Crofton House’, situated at 13 Railway Road and 14 Lithgow Avenue Blackburn is now available For Sale.

This is a perfect investment offering a current income of $463,750.20 pa and land bank opportunity for the future.

Key features :

- 45 place Special Residential Services (SRS) facility

- Total land area: 4,082m2*

- Sought after Residential Growth Zone - Schedule 2

- Within central Blackburn's multi level residential and commercial development precinct

- Two street access

- New Five (5) year lease from 1 August 2018 with further terms of 5+5 years

- Supported Residential Services are exempt from State Land Tax

The subject property is conveniently located a short walk from Blackburn Train Station, with fantastic cafes and shops at Blackburn Village including IGA Supermarket; and beautiful Blackburn Lake nearby. Whitehorse Road Mega Mile is also in close proximity to the property, together with South Parade and Blackburn Road.

*approx

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