SOLD AT AUCTION – CALL HUGH MACFARLAN 0418 270 993***
This modern three level vacant aged care facility sits on a dominant 1547 sqm approx corner block and is surrounded by all major transport and retail amenity and various other exciting medical growth corridors.
The asset allows for a multitude of uses, with the ability to continue its use as an Aged Care Facility or residential redevelopment / subdivision (STCA) with existing R2 Zoning.
• Approved extra GFA: 629.6 sqm
• FSR: 0.4:1
• Close proximity to retail amenity and public transport with Chatswood Station only a short 500m away.
• Centrally located in the ‘heart’ of Chatswood, one of the fastest growing suburbs in Sydney
• Value Add Purchase for an In-coming purchaser, with a multitude of alternative uses
• Undersupply of Aged Care Facilities in the direct area, with 2020 also seeing Aged Care/Healthcare Assets outperforming
traditional secure investment classes such as Office and Retail
• Prominent Signage Opportunity
• Significant Capital Funding into the Aged Care Sector by the Government
|R&H Suburb Summary||Houses|
|Number of sales||131|
|Median Rental Price||$950 p.w.|
|Change in Rental Rate (5yr)||6 %|
|R&H Suburb Summary||Units|
|Number of sales||225|
|Median Rental Price||$545 p.w.|
|Change in Rental Rate (5yr)||-12 %|