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.
