14-24 Pearl Street Northcote VIC 3070

CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 14-24 Pearl Street, Northcote A highly regarded former residential Aged Care facility located in Melbourne's inner north.

OVERVIEW

+Blue-chip and highly regarded former residential Aged Care facility with 75 beds (all single rooms with ensuite) maintained to the highest of standards and suitable for occupation

+Projected fully leased income of $640,000p.a* +

+High exposure location with over 69m* frontage to Pearl Street

+Substantial landholding of 2,895sqm* - One of the largest land parcels offered in the Northcote/ Clifton Hill area in a decade

+Ample street parking along Pearl street with an additional 12 at-grade spaces

+Existing building area of 3,617sqm* (RACF) offered with vacant possession

LOCATION

+Located under 20m* from High Street one of Victoria's most popular retail thoroughfares also providing direct access to the Yarra Trams network and Melbourne CBD

+Zoned General Residential, suitable for a variety of outcomes including Residential Aged Care, Land banking, Supported Residential Services , NDIS Accommodation or Healthcare development (STCA)

+Blue-chip North Melbourne location only 5.2km* to the Melbourne CBD with booming median house price growth of 33%* in the past 6 years ($1,555,000*)

+A stones throw to diverse lifestyle amenity including, bustling cafes and restaurants plus a wide array of shopping and lifestyle amenity including Northcote Plaza, High Street retail strip and more

EXPRESSIONS OF INTEREST CLOSED - OFFERS UNDER REVIEW

For further information, contact the exclusive sale and marketing agents:

Marcello Caspani-Muto
0417 065 777

Sandro Peluso
0418 389 757

Jimmy Tat
0439 399 118

approx*