On behalf of Phil Carter and Daniel Walley of PwC, Receivers and Managers appointed, Knight Frank is excited to present an exciting opportunity to acquire residential investment opportunity into the emerging health and care marketplace.

Strategically positioned close to the Kogarah Train Station, and localised shops and services, Griffin House presents as an excellent opportunity to invest in a low risk funded mechanism with strong underlying land values.

Opportunity Highlights:

- Two storey residential dwelling purpose built to accommodate participants under the National Disability Insurance Scheme (NDIS)
- 700 metre* walk to Kogarah Train Station and 1 km* walk to St George Public and Private Medical Precinct
- 548 sqm* land holding with valuable underlying R2 Low Residential Density planning control
- Fantastic building condition and presentation commensurate with high quality NDIS offering
- Range of high value uses permissible within existing R2 Zoning for potential adaptive re-use (STCA)
- Passive income stream of $158,852 per annum (Gross)
- Specialist in disability, mental health, and aging, supporting people who require high-intensity support or who are at risk of entering long-term institutional care
- Asset underpinned by government funding mechanism with strategic underlying bankable land value

Adjacent to an existing aged care facility, the asset offers exceptional location fundamentals that services the day to day needs to residents.

9A Griffin Avenue is for sale via Expressions of Interest closing Thursday, 30 March 2023, at 4.00pm (AEDT).

For more information or to arrange an inspection, please contact the exclusive agents.

*Approximately