Vacant Seniors Living Opportunity with Recent Comprehensive Renovation Occupy, Invest or Value-Add In The City of Stonnington
241 Dandenong Road, Windsor VIC 3181
Contact Agent
OfficeSize: n/a
Block size: 2296 m² approx.
CBRE Australian Healthcare & Social Infrastructure is proud to exclusively present 241 Dandenong Road, Windsor A highly regarded former residential Aged Care home suitable for both occupiers and investors within the City of Stonnington.
High quality existing improvements are complimented by a substantial multi-million-dollar renovation completed in 2023 and reducing future building CAPEX requirements
+Blue-chip and highly regarded former residential Aged Care home with 60 beds (all single rooms with en-suites) maintained to the highest of standards and ready for immediate occupation
+Recent multi-million dollar renovation complete in 2023 with high quality finishes modernising the entire ground floor and partial upper levels reducing inbound renovation costs
+Existing 3 level building envelope with a potential built form to exceed this as per independent planning advice (STCA)
+Projected fully leased income of $700,000p.a*+
+Land rich holding with a substantial area of 1,704sqm* - One of the largest land parcels offered in the City of Stonnington in recent times
+Existing building area of 2,286sqm* (RACF) offered with vacant possession
+High exposure location with 25m* frontage to Dandenong Road / Princes Highway with 34,000+* vehicles passing daily
+Suitable for a variety of outcomes including Residential Aged Care, Land banking, Supported Residential Services , NDIS Accommodation, Healthcare and more.
LOCATION
+High exposure location with 25m* frontage to Dandenong Road / Princes Highway with 34,000+* vehicles passing daily
+Blue-chip location within one of Australia's most desirable municipalities plus favourable Residential Growth Zoning
+Strong underlying land value with the City of Stonnington featuring a median house price exceeding $2,000,000*
+Ideally positioned within immediate proximity to the Iconic Windsor/St Kilda Healthcare precinct featuring The Avenue Hospital, Windsor Private Hospital, Cabrini Hospital, Masada Private Hospital and The Alfred
+A stones through to dense retail and educational amenity including, St Mary's School, King David School, Coles, Woolworths and the Chapel Street and Williams Road retail strips
+Significant demand for boutique and large-scale residential projects with Windsor classified as a "High demand market"
FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 18TH JULY 2024
For further information, please contact the exclusive sale and marketing agents:
Marcello Caspani-Muto
+61 417 065 777
Jimmy Tat
+61 439 399 118
Sandro Peluso
+61 418 389 757
approx*
High quality existing improvements are complimented by a substantial multi-million-dollar renovation completed in 2023 and reducing future building CAPEX requirements
+Blue-chip and highly regarded former residential Aged Care home with 60 beds (all single rooms with en-suites) maintained to the highest of standards and ready for immediate occupation
+Recent multi-million dollar renovation complete in 2023 with high quality finishes modernising the entire ground floor and partial upper levels reducing inbound renovation costs
+Existing 3 level building envelope with a potential built form to exceed this as per independent planning advice (STCA)
+Projected fully leased income of $700,000p.a*+
+Land rich holding with a substantial area of 1,704sqm* - One of the largest land parcels offered in the City of Stonnington in recent times
+Existing building area of 2,286sqm* (RACF) offered with vacant possession
+High exposure location with 25m* frontage to Dandenong Road / Princes Highway with 34,000+* vehicles passing daily
+Suitable for a variety of outcomes including Residential Aged Care, Land banking, Supported Residential Services , NDIS Accommodation, Healthcare and more.
LOCATION
+High exposure location with 25m* frontage to Dandenong Road / Princes Highway with 34,000+* vehicles passing daily
+Blue-chip location within one of Australia's most desirable municipalities plus favourable Residential Growth Zoning
+Strong underlying land value with the City of Stonnington featuring a median house price exceeding $2,000,000*
+Ideally positioned within immediate proximity to the Iconic Windsor/St Kilda Healthcare precinct featuring The Avenue Hospital, Windsor Private Hospital, Cabrini Hospital, Masada Private Hospital and The Alfred
+A stones through to dense retail and educational amenity including, St Mary's School, King David School, Coles, Woolworths and the Chapel Street and Williams Road retail strips
+Significant demand for boutique and large-scale residential projects with Windsor classified as a "High demand market"
FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 18TH JULY 2024
For further information, please contact the exclusive sale and marketing agents:
Marcello Caspani-Muto
+61 417 065 777
Jimmy Tat
+61 439 399 118
Sandro Peluso
+61 418 389 757
approx*
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
Send an enquiry
Contact Marcello Caspani-Muto to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Office
Block Size:
2296 m²*
Other Details
Lot:
6
Plan:
LP14361
Legal description:
6\LP14361
Maps and area information
Block information
Block size: 2296m² (approx)
Legal description: 6\LP14361
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
04 Mar 2022
Sold
CBRE
Listed: 22/12/2021
Block size: 1704m²
Transfer type: Full transfer
Windsor suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
34 years
Population
7,273
Listing ID: 182613304. This listing has been viewed 3 times. It was first displayed on 20/06/2024 and last updated on 03/07/2024.
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.