43-45 Herbert Street Parkdale VIC 3195

Savills in conjunction with Amicum are pleased to offer for sale this premium Aged Care investment, located at 43 45 Herbert Street, Parkdale. Underpinned by a triple net lease and premium bayside landholding the property provides a truly high quality investment opportunity.

The key attributes of this premium bayside investment include:

High quality 60 bed Aged Care Home
15 year lease with two further 5 year options
Current net rental of $517,000 per annum + GST and outgoings
Land Tax Exempt property
High quality building of 1,960sq m*
Significant bayside landholding of 2,004sqm*
General Residential Zone 2 (GRZ2)
Prime position 400m from Parkdale Beach
Surrounded by an abundance of amenity in nearby Mentone and Mordialloc, including full line supermarkets, prestigious schools, public transport and public open spaces

Under Contract

The opportunity to secure a high quality and proven aged care investment is extremely rare, especially when you consider the location, quality of the tenant, and the underlying land content. Accordingly we encourage prospective purchasers to actively consider this blue-chip investment opportunity.

Savills Agents:
Julian Heatherich 0412 995 655
Mark Stafford 0404 401 053
Benson Zhou 0458 488 888

Amicum Agents:
John Newman 0418 313 523
Glen O'Brien 0431 602 978
Phil Kadletz 0413 548 174

*Approx.