8-18 Edwards Street, Burwood VIC 3125

Property Details: • Type: Retirement Living

• Bedrooms: 0 • Bathrooms: 0

Description: - 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