Significant Residential Redevelopment Opportunity
EOI Closed - Offers Under Review
Savills Commercial is delighted to offer for sale this development site with income located at 67 & 69–73 Epsom Road, Ascot Vale.
The property represents a versatile opportunity for owner occupiers, investors and developers to secure two allotments including a former aged care facility in Melbourne’s inner northern suburb of Ascot Vale.
Key attributes of the property include:
• Combined landholding of 3,110sqm* with rear laneway
• Former aged care facility comprising of 27 rooms and separate houses
• Strong residential holding income of $231,140 p.a. (October 2024)
• Ideally suited to residential, childcare and medical redevelopment
• Current improvements provide for aged care, NDIS, disability and specialised housing
• Outstanding location in the heart of Ascot Vale close to retail and recreational facilities
• Walking distance to Ascot Vale Train Station and bus network
*Approximate
For further information please contact:
Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888
James Latos - 0422 604 900
Level | Tenancy | Sale Type | Price | AreaSqm | Status |
---|---|---|---|---|---|
n a | Private Treaty | 3110.00sq m | Available |