By Negotiation
8-18 Edwards Street, Burwood VIC 3125
House
20
Block size: 5614 m² approx.
OCCUPY, VALUE ADD OR INVEST IN A MAJOR SOCIAL INFRASTRUCTURE AND EDUCATION HUB
- Land area of 5,614sqm*
- Highly valuable existing improvements
- Existing COY for Aged Care Use
CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 8-18 Edward Street, Burwood A considerable former Residential Aged Care Home plus adjoining land across three titles, allowing expansion or a mixed-use outcome.
Constructed in circa 2002 the subject property is suited to a myriad of potential users given it's location and immediate extension or value-add potential.
OVERVIEW
+High-quality existing Residential Aged Care improvements previously operational for 45 beds plus adjoining landholdings on either side of the property
+Combined underlying land area of 5,614sqm* zoned General Residential
+Offered with vacant possession and featuring parking for 20 vehicles (basement)
+Existing building area of 1,746sqm* (RACF only) with a projected fully leased income of $425,000-$475,000p.a* plus
+Existing planning approval for a multi-level aged care redevelopment comprising 110 beds
+Existing COY for Aged Care use as well as suited to a variety of end users including Hospital, Childcare, Rehab, Land banking, Supported Residential Services, Specialist Disability Accomodation, and more (STCA)
LOCATION
+Strong underlying land value with Burwood featuring a median house price exceeding $1,400,000* (Dec-22)
+Surrounded by the Eastern suburbs most desirable postcodes including Box Hill, Surrey Hills, Camberwell and Canterbury
+Within a major social infrastructure hub and a stone's throw to dense education, parkland, healthcare and retail amenity including Deakin University, Presbyterian Ladies College (PLC), Wattle Park, Burwood Brickworks, SIA Medical and more
+Highly favourable demographic trends for healthcare with 15%* of the population aged over 70 years old
For Sale Via Expressions of Interest closing Thursday 2nd March at 2:00pm
For more information please contact the exclusive sales and marketing agents
Sandro Peluso
+61 418 389 757
Marcello Caspani-Muto
+61 417 065 777
Jimmy Tat
+61 439 399 118
- Highly valuable existing improvements
- Existing COY for Aged Care Use
CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 8-18 Edward Street, Burwood A considerable former Residential Aged Care Home plus adjoining land across three titles, allowing expansion or a mixed-use outcome.
Constructed in circa 2002 the subject property is suited to a myriad of potential users given it's location and immediate extension or value-add potential.
OVERVIEW
+High-quality existing Residential Aged Care improvements previously operational for 45 beds plus adjoining landholdings on either side of the property
+Combined underlying land area of 5,614sqm* zoned General Residential
+Offered with vacant possession and featuring parking for 20 vehicles (basement)
+Existing building area of 1,746sqm* (RACF only) with a projected fully leased income of $425,000-$475,000p.a* plus
+Existing planning approval for a multi-level aged care redevelopment comprising 110 beds
+Existing COY for Aged Care use as well as suited to a variety of end users including Hospital, Childcare, Rehab, Land banking, Supported Residential Services, Specialist Disability Accomodation, and more (STCA)
LOCATION
+Strong underlying land value with Burwood featuring a median house price exceeding $1,400,000* (Dec-22)
+Surrounded by the Eastern suburbs most desirable postcodes including Box Hill, Surrey Hills, Camberwell and Canterbury
+Within a major social infrastructure hub and a stone's throw to dense education, parkland, healthcare and retail amenity including Deakin University, Presbyterian Ladies College (PLC), Wattle Park, Burwood Brickworks, SIA Medical and more
+Highly favourable demographic trends for healthcare with 15%* of the population aged over 70 years old
For Sale Via Expressions of Interest closing Thursday 2nd March at 2:00pm
For more information please contact the exclusive sales and marketing agents
Sandro Peluso
+61 418 389 757
Marcello Caspani-Muto
+61 417 065 777
Jimmy Tat
+61 439 399 118
Inspections
No open inspections scheduled.
Send an enquiry
Contact Marcello Caspani-Muto to learn more about this property, request an inspection or take an online tour.
Key details
Garage Spaces:
20
Property type:
House
Block Size:
5614 m²*
Other Details
Maps and area information
Block information
Block size: 5614m² (approx)
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Property history
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Statement of information
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Burwood suburb information
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SummaryMedian sales
Average Age
35 years
Population
15,147
Listing ID: 181667573. This listing has been viewed 23 times. It was first displayed on 01/06/2023 and last updated on 21/09/2023.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.