340-344 Springvale Road Springvale VIC 3171

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