2 Tessa Street, Chatswood, NSW 2067

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Auctioned for $4,560,000 (Jul 20, 2021)

Turn-Key Aged Care/Medical Facility with Development Upside - 1547 sqm approx


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

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Director LREA

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Property Info:
  • Property ID: L5554596
  • Property Type: House
  • Garages: 5
  • Land Area: 1547.0 sqm
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R&H Suburb Profile: Chatswood

R&H Suburb Summary Houses
Number of sales 131
Average Price $2,650,718
Median Price $2,465,000
Median Rental Price $950 p.w.
Change in Rental Rate (5yr) 6 %
R&H Suburb Summary Units
Number of sales 225
Average Price $1,147,420
Median Price $1,029,000
Median Rental Price $545 p.w.
Change in Rental Rate (5yr) -12 %
Chatswood, NSW - Median Trend