Strategic Healthcare Repositioning Opportunity with Significant Holding Income

14-18 North East Road, 10 North East Road, 12 View Road, Walkerville, South Australia 5081

Healthcare and Retirement Living For Sale

Expressions of Interest. EOI Date 29 Nov 2018
Land Area: 8,477.00 m2.    Floor Area: 3,799.00 m2.    

Description

Colliers International is pleased to present the opportunity to acquire Calvary Rehabilitation Hospital and two adjoining properties located in Walkerville, South Australia. The property offers significant short term holding income and represents a strategic asset with repositioning and redevelopment appeal for ongoing healthcare use.

Superbly located within one of Adelaide’s most affluent inner metropolitan council areas (median house price in excess of $1 million), the property offers exceptional exposure and connectivity to the Adelaide CBD, high quality, well-maintained improvements and favourable zoning.

The extensive and valuable improvements will appeal to aged care, medical and healthcare operators and retirement and mixed use investors and developers.

Calvary Rehabilitation Hospital represents an exceptional repositioning opportunity for ongoing healthcare use or repurposing/redevelopment.

Key Investment Features include:

• Rare and strategic healthcare repositioning/redevelopment opportunity
• Massive strategic land holding of 8,477 sqm* with multiple street frontages
• Valuable and adaptable modern, high-quality and well configured healthcare improvements of 3,799 sqm*
• Currently configured with 51 single rooms with ensuites and 7 twin share rooms with ensuites, to provide 65 beds, plus very extensive additional facilities and scope to increase bed yield
• Current net passing income of $1,554,910 per annum (excluding GST)
• Multi sector appeal - particularly aged care, medical, healthcare, hospital, retirement, medi-hotel and mixed use
• Residential zone (North East Road Corridor Policy Area 6)
*approx.

The offering provides one of South Australia’s most outstanding healthcare repositioning opportunities - strategically located in a superb catchment with exceptional exposure and connectivity to the Adelaide CBD.

For Sale by Expressions of Interest closing 4.00pm (ACDT) Thursday 29th November 2018 at the Adelaide office of Colliers International.

To arrange an inspection or for more information, please contact Colliers International as the exclusive selling agents.

Features

  • Multi sector appeal
  • Land holding of 8,477sqm*
  • Current net passing income of $1,554,910

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