29 Park Road Five Dock NSW 2046

Medical / Consulting
1,424 m²
Sold

Inner City Freehold Aged Care Facility with Significant Value-Add Potential

Highly Valuable 59 Bed Licenses
Total Internal Area: 1,423.96sq m*
Total Site Area: 1,550sq m*

*** EOI is closed - Offers under consideration ***

Savills Metropolitan & Regional Sales along with Wexted Advisors are pleased to exclusively offer Parkview Nursing Home, 29 Park Road, Five Dock for sale via an Expressions of Interest campaign.

29 Park Road, Five Dock, is a unique freehold investment within one of Sydneys most sought after and tightly held asset classes. A fully licensed residential aged care facility positioned in the highly desirable Inner West should be of appeal to many astute investors or aged care providers.

Investment Highlights:
- Rarely offered freehold aged care investment
- Operating with 59 bed licenses
- Generates significant annual revenue above $4.5m per annum
- Dominant land parcel of 1,550sq m* with 40m* frontage
- Building Area: 1,423.96sq m*
- Development Control Plan: Canada Bay Local Environmental Plan 2013
- Zoning: R3 Medium Density Residential
- Opportunity to renovate existing facility or potential for new facility redevelopment (STCA)
- Only 250m* from Five Docks main retail strip, Great North Road
- Car Parking: Free on-street parking and 1 off-street car parking space
- Sales Process: For sale via International Expressions of Interest closing 2pm Thursday 10 December 2020

The Contract of Sale and relevant due diligence material are available to interested parties upon request from the exclusive agents.

*Approx.

Savills Sydney

Level 25/1 Farrer Place

Sydney, NSW 2000

Property Highlights

Date Sold	26 Feb 2021
Floor Area	1,424 m²
Land Area	1,550 m²
Parking	1 x Onsite parking
Property ID	2016608231
Category	Medical / Consulting Development / Land Other
Last updated	5 Mar 2021

Map for 29 Park Road Five Dock NSW 2046

Nearest transport* to 29 Park Road Five Dock NSW 2046

Bus

Train

Tram

Ferry

Domremy College, First Av	122 m
First Av At Ingham Av	233 m
Ingham Av At First Av	264 m
Domremy College, Fairlight St	274 m

*Within a 4km radius

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Savills Sydney

Level 25/1 Farrer Place

Sydney, NSW 2000

Property Highlights

Date Sold	26 Feb 2021
Floor Area	1,424 m²
Land Area	1,550 m²
Parking	1 x Onsite parking
Property ID	2016608231
Category	Medical / Consulting Development / Land Other
Last updated	5 Mar 2021

Co-Agents

Nick Lower

Savills Sydney

Call

+61 414 259 494

Ollie Ridley

Savills Sydney

Call

0448 080 310

More about 29 Park Road Five Dock NSW 2046

29 Park Road Five Dock NSW 2046 is categorized as Medical & Consulting Property. It has a floor area of 1,424 m² and a land area of 1,550 m². There are 1 x onsite parkings.The listing ID for this property is 2016608231.