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.
|Method of Sale:||Expressions of Interest|
|Marketing Timeframe:||Six Weeks|
|Sales Date:||April 2014|
|Total Offers Received:||20|