43-45 Herbert St, PARKDALE | Property for sale | Savills
2,004 sq m
Price on application

43-45 Herbert StPARKDALE

  • Sold
Development land
2,004 sq m

Key features

  • 15 Year Lease Plus Options
  • $517,000pa* + GST and Outgoings
  • Land Tax Exempt Property

Under Contract

About this property

  • The key attributes of this premium bayside investment include:

    • High quality 60 bed Aged Care Home
    • 15 year lease with two further 5 year options
    • Current net rental of $517,000 per annum + GST and outgoings
    • Land Tax Exempt property
    • High quality building of 1,960sq m*
    • Significant bayside landholding of 2,004sqm*
    • General Residential Zone 2 (GRZ2)
    • Prime position 400m from Parkdale Beach
    • Surrounded by an abundance of amenity in nearby Mentone and Mordialloc, including full line supermarkets, prestigious schools, public transport and public open spaces

    Under Contract

    The opportunity to secure a high quality and proven aged care investment is extremely rare, especially when you consider the location, quality of the tenant, and the underlying land content. Accordingly we encourage prospective purchasers to actively consider this blue-chip investment opportunity.

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

    Amicum Agents:
    John Newman 0418 313 523
    Glen O'Brien 0431 602 978
    Phil Kadletz 0413 548 174

    *Approx.

Available space

LevelTenancySale TypePriceAreaSqmStatus
n aExpression of Interest2004.00sq mSold