340-344 Springvale Rd, SPRINGVALE | Property for sale | Savills
4,347 sq m
Price on application

340-344 Springvale RdSPRINGVALE

  • Sold
Healthcare
4,347 sq m

Key features

  • Established ASX Operator
  • New 6 Year Lease
  • Significant Future Upside

EOI Closed - Offers Under Review

About this property

  • The key attributes of this outstanding asset include:

    - Quality 71 bed residential aged care facility
    - High profile corner landholding of 4,347sq m*
    - New 6 year lease to Japara Aged Care Services Pty Ltd, a wholly owned subsidiary of ASX listed Japara Ltd
    - Net Rental: $750,000 per annum
    - Recent $2.6m CAPX providing significant depreciation benefits
    - Favourable Commercial 1 Zone within the Springvale Activity Centre
    - Rare Social Infrastructure Investment opportunity
    - Strong occupancy attributed to a host of immediate lifestyle amenity
    - Direct proximity to Springvale Shopping Centre, Springvale Train Station, parks and recreation facilities
    *Approx.

    EOI Closed - Offers Under Review

    Savills Agents:
    Julian Heatherich: 0412 995 655
    Benson Zhou: 0458 488 888
    Mark Stafford: 0404 401 053

Available space

LevelTenancySale TypePriceAreaSqmStatus
n aExpression of Interest4347.00sq mSold