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CBRE - Melbourne

14-24 Pearl Street Northcote, VIC 3070

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14-24 Pearl Street,
Northcote, VIC 3070

Medical & Consulting • Other

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CBRE - Melbourne
Jimmy Tat
Sandro Peluso
Marcello Caspani-Muto

CBRE - Melbourne

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
CBRE - Melbourne
14-24 Pearl Street
Northcote, VIC 3070

Map of 14-24 Pearl Street

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AN ICONIC OPPORTUNITY TO OCCUPY/INVEST OR VALUE ADD IN THE HEART OF NORTHCOTE – A TOP 10 VICTORIAN SUBURB

  • Highly Valuable Exisiting Improvements
  • Land Area of 2,895sqm*
  • Offered with Vacant Possession
CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 14-24 Pearl Street, Northcote – A highly regarded former residential Aged Care facility located in Melbourne’s inner north.

OVERVIEW

+Blue-chip and highly regarded former residential Aged Care facility with 75 beds (all single rooms with ensuite) maintained to the highest of standards and suitable for occupation

+Projected fully leased income of $640,000p.a* +

+High exposure location with over 69m* frontage to Pearl Street

+Substantial landholding of 2,895sqm* - One of the largest land parcels offered in the Northcote/ Clifton Hill area in a decade

+Ample street parking along Pearl street with an additional 12 at-grade spaces

+Existing building area of 3,617sqm* (RACF) offered with vacant possession

LOCATION

+Located under 20m* from High Street – one of Victoria’s most popular retail thoroughfares also providing direct access to the Yarra Trams network and Melbourne CBD

+Zoned General Residential, suitable for a variety of outcomes including Residential Aged Care, Land banking, Supported Residential Services , NDIS Accommodation or Healthcare development (STCA)

+Blue-chip North Melbourne location only 5.2km* to the Melbourne CBD with booming median house price growth of 33%* in the past 6 years ($1,555,000*)

+A stones throw to diverse lifestyle amenity including, bustling cafes and restaurants plus a wide array of shopping and lifestyle amenity including Northcote Plaza, High Street retail strip and more

EXPRESSIONS OF INTEREST CLOSED - OFFERS UNDER REVIEW

For further information, contact the exclusive sale and marketing agents:

Marcello Caspani-Muto
0417 065 7...

Sandro Peluso
0418 389 7...

Jimmy Tat
0439 399 1...

approx*

Additional information

Property ID: 503891310Last Updated: 12 Nov 2021

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