2.93 Hectare* Former Salvin Park Residential Aged Care Facility

The property has 9390m2* of existing building area and 202m* frontage to Creek Road.

The level of interest in response to this offering was very strong with a total of 131 enquires and 40 inspections. The interest came from a variety of groups including the following:

– Private and Public development companies – Looking at redevelopment for multiple unit dwellings

– Student Accommodation developers

– Aged Care Developers and Operators – Undertaking assessment on the basis of either refurbishment or demolishing the existing and building new

– Retail / Commercial – Retail owner operators undertaking assessment of the site on the basis of the strategic location and proximity to high traffic road networks

– Speculators – looking to derive income from the existing improvements

The majority of enquiry received was from the development sector with a view toward demolition of the buildings and development of a medium density residential product.

 

Sale Analysis*
Vendor:Blue Care
Method of Sale:Expressions of Interest
 Marketing Timeframe:Six Weeks
Sales Date:April 2014
Total Enquires:131
Total Offers Received:20
Total Realisation:$11,550,000