152 Como Parade West, Parkdale

Prominent freestanding hospital in Bayside location with significant development upside
  • Income:
    $560,450.00 + GST
  • Existing hospital improvements of 3,500sqm* with the property currently used by Calvary Health Care for their specialist palliative care and progressive neurological disease services offering.
  • It provides 18 single and 7 double rooms (32 beds total) with other accommodation including a diversional therapy gymnasium, consulting rooms, office suites and physiotherapy treatment rooms
  • Offered with a short-term lease to Calvary Health Care providing multiple value add strategies to reposition the asset – subdivide for multiple tenancies or develop (STCA)
  • Over an acre of beachside land (4,765sqm*) and close proximity to Port Phillip Bay, St Bede’s College and Parkdale retail precinct
  • A dominant location in close proximity to Parkdale Train Station and with excellent exposure and over 50m* of frontage to Como Parade West
  • Located within the prestigious and tightly held suburb of Parkdale, with a median house price of $1,225,000 (Parkdale has experienced 81% capital growth since 2012)

Transaction managed by Dan Magree of Magree Property Advisory
P: 0438 282 022

Contact the team

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