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2 Tessa Street
Chatswood NSW 2067
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Sold on 20 Jul 2021

2 Tessa Street Chatswood NSW 2067

  • Development / Land
  • 1,547 m²
  • Sold

Turn-Key Aged Care/Medical Facility with Development Upside

  • Value Add Investment
  • High Exposure Site
  • Potential to Re Develop

*** Open for Inspection on Thursday & Saturday from 10am to 10:30am each week from 24 June to 17 July 2021 ***

Savills in conjunction with Raine & Horne HM Group are pleased to offer for sale 2 Tessa Street, Chatswood. This modern three level vacant aged care facility sits on a dominant 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.

Opportunity Overview:

- Site Area: 1,547sq m*
- Significant Corner Freehold asset with Dual Street Frontage
- Approved GFA: 629.6sq m* & R2 Low Density Residential Zoning
- 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

The property will be sold via In-room Auction on Tuesday 20 July commencing at 10:30am. The auction will be held at AuctionWORKS, Mezzanine Level, 50 Margaret Street, Sydney NSW 2000.

For further information or to arrange an inspection, please contact the exclusive agents below.

*Approx.

Savills Sydney
Savills Sydney
Level 25/1 Farrer Place
Sydney, NSW 2000

Property Highlights

Date Sold20 Jul 2021
Floor Area1,261 m²
Land Area1,547 m²
ParkingOn site parking available
Property ID2017084076
Category
Last updated  20 Jul 2021
Map for 2 Tessa Street Chatswood NSW 2067

Nearest transport* to 2 Tessa Street Chatswood NSW 2067

Bus
Train
Fullers Rd After Anglo St221 m
Fullers Rd At Jenkins St236 m
Pacific Hwy At Railway St282 m
Pacific Hwy Opp Brown St287 m
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
*Within a 4km radius
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Savills Sydney
Savills Sydney
Level 25/1 Farrer Place
Sydney, NSW 2000

Property Highlights

Date Sold20 Jul 2021
Floor Area1,261 m²
Land Area1,547 m²
ParkingOn site parking available
Property ID2017084076
Category
Last updated  20 Jul 2021

Co-Agents

Nick Lower
Nick Lower
Savills Sydney
Call
+61 414 259 494
Selin Ince
Selin Ince
Savills Sydney
Call
0410 538 779

More about 2 Tessa Street Chatswood NSW 2067

2 Tessa Street Chatswood NSW 2067 is categorized as Land & Development Property. It has a floor area of 1,261 m² and a land area of 1,547 m². The listing ID for this property is 2017084076.

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