340-344 Springvale Road Springvale VIC 3171

Medical / Consulting
2,780 m²
Sold

Premium Aged Care Investment

Established ASX Operator
New 6 Year Lease
Significant Future Upside

Savills is delighted to offer for sale this major freestanding residential aged care facility located at 340-344 Springvale Road, Springvale. This major social infrastructure investment has undergone a multi-million dollar refurbishment which was completed in 2018, providing a modern aged care facility ideally positioned within the Springvale Activity Centre.

The key attributes of this outstanding asset include:

- Quality 71 bed residential aged care facility
- High profile corner landholding of 4,347sq m*
- New 6 year lease to Japara Aged Care Services Pty Ltd, a wholly owned subsidiary of ASX listed Japara Ltd
- Net Rental: $750,000 per annum
- Recent $2.6m CapEx providing significant depreciation benefits
- Favourable Commercial 1 Zone within the Springvale Activity Centre
- Rare Social Infrastructure Investment opportunity
- Strong occupancy attributed to a host of immediate lifestyle amenity
- Direct proximity to Springvale Shopping Centre, Springvale Train Station, parks and recreation facilities
*Approx.

SOLD

Savills Agents:
Julian Heatherich: 0412 995 655
Benson Zhou: 0458 488 888

Savills Melbourne

Level 29, South Tower, 80 Collins Street,

Melbourne, VIC 3000

Property Highlights

Date Sold	11 Mar 2020
Floor Area	2,780 m²
Land Area	4,347 m²
Parking	On site parking available
Property ID	2016054861
Category	Medical / Consulting Development / Land Other
Last updated	16 Jun 2021

Map for 340-344 Springvale Road Springvale VIC 3171

Nearest transport* to 340-344 Springvale Road Springvale VIC 3171

Bus

Train

Springvale Library/Springvale Rd (Springvale)	82 m
Boonah St/Springvale Rd (Springvale)	117 m
Armstrong St/Springvale Rd (Springvale)	145 m
Killester College/Springvale Rd (Springvale)	158 m

*Within a 4km radius

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Savills Melbourne

Level 29, South Tower, 80 Collins Street,

Melbourne, VIC 3000

Property Highlights

Date Sold	11 Mar 2020
Floor Area	2,780 m²
Land Area	4,347 m²
Parking	On site parking available
Property ID	2016054861
Category	Medical / Consulting Development / Land Other
Last updated	16 Jun 2021

Co-Agents

Julian Heatherich

Savills Melbourne

Call

0412 995 655

Benson Zhou

Savills Melbourne

Call

0458 488 888

More about 340-344 Springvale Road Springvale VIC 3171

340-344 Springvale Road Springvale VIC 3171 is categorized as Medical & Consulting Property. It has a floor area of 2,780 m² and a land area of 4,347 m². The listing ID for this property is 2016054861.