Aged Care Investment on Huge 4,082m2*

Sale Details

Sold on 12 Oct 2018

Description

A longstanding Aged Care/Special Residential Services facility known as ‘Crofton House’, situated at 13 Railway Road and 14 Lithgow Avenue Blackburn is now available For Sale.

This is a perfect investment offering a current income of $463,750.20 pa and land bank opportunity for the future.

Key features :
- 45 place Special Residential Services (SRS) facility
- Total land area: 4,082m2*
- Sought after Residential Growth Zone - Schedule 2
- Within central Blackburn's multi level residential and commercial development precinct
- Two street access
- New Five (5) year lease from 1 August 2018 with further terms of 5+5 years
- Supported Residential Services are exempt from State Land Tax

The subject property is conveniently located a short walk from Blackburn Train Station, with fantastic cafes and shops at Blackburn Village including IGA Supermarket; and beautiful Blackburn Lake nearby. Whitehorse Road Mega Mile is also in close proximity to the property, together with South Parade and Blackburn Road.


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