12-16 Capel Avenue Capel Sound VIC 3940

Savills is delighted to offer for sale this prime residential aged care investment at 12-16 Capel Avenue, Capel Sound. This rare social infrastructure investment is underpinned by a brand new lease to a market leading aged care provider and is further supported by a large underlying landholding situated on the stunning Mornington Peninsula.

The key attributes of this premium property include:
High quality 58 bed aged care facility
Brand new 6 year lease with 3 x 4 year options to a wholly owned subsidiary of ASX listed Japara Ltd
Net rental of $525,000 per annum + GST & Outgoings
Significant refurbishment completed in 2020
Land area of 4,290sq m*
General Residential 1 Zoning
Ideal Mornington Peninsula location just moments from Rosebud Plaza and Rosebud Hospital

*Approx.

This property is offered alongside 440 Station Street, Bonbeach with the ability to secure these aged care investments individually or together.

Sold.

Savills Agents:
Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 8883