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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.

Nick Lower
Savills Sydney
Nick Lower
Savills Sydney
Selin Ince
Savills Sydney
Selin Ince
Savills Sydney

Property Highlights

Property ID2017084076
Date Sold20 Jul 2021
Floor Area1,261 m²
Land Area1,547 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  20 Jul 2021
Map for 2 Tessa Street Chatswood NSW 2067
Map for 2 Tessa Street Chatswood NSW 20672 Tessa Street Chatswood NSW 2067
Nick Lower
Savills Sydney
Nick Lower
Savills Sydney
Selin Ince
Savills Sydney
Selin Ince
Savills Sydney

Property Highlights

Property ID2017084076
Date Sold20 Jul 2021
Floor Area1,261 m²
Land Area1,547 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  20 Jul 2021
Savills Sydney
Level 25/1 Farrer Place Sydney NSW 2000
Nick Lower
Savills Sydney
Nick Lower
Savills Sydney
Selin Ince
Savills Sydney
Selin Ince
Savills Sydney
Nick Lower

Nick Lower

Savills Sydney

Selin Ince

Selin Ince

Savills Sydney

0414 *** ***
0414 259 494

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