2 Tessa Street,
Chatswood, NSW 2067
Development Sites & Land • Medical & Consulting
Detailed listing
Key property information
Land area
Floor area
Property extent
Zoning
Tenure type
Sold on
Stone Real Estate - CROWS NEST
Suite 101/70-76 Alexander StreetCROWS NEST, NSW 2065
2 Tessa Street
Chatswood, NSW 2067
Detailed listing
Map of 2 Tessa Street
Turn-Key Aged Care/Medical Facility with Development Upside
- Value Add Investment
- High Exposure Site
- Potential to Re Develop
*** Open for Inspection on Thursday & Saturday from 10am to 10:30am each week from 24 June to 17 July 2021 ***
Savills in conjunction with Raine & Horne HM Group are pleased to offer for sale 2 Tessa Street, Chatswood. This modern three level vacant aged care facility sits on a dominant corner block and is surrounded by all major transport and retail amenity and various other exciting medical growth corridors.
The asset allows for a multitude of uses, with the ability to continue its use as an Aged Care Facility or residential redevelopment / subdivision (STCA) with existing R2 Zoning.
Opportunity Overview:
- Site Area: 1,547sq m*
- Significant Corner Freehold asset with Dual Street Frontage
- Approved GFA: 629.6sq m* & R2 Low Density Residential Zoning
- FSR: 0.4:1
- Close proximity to retail amenity and public transport with Chatswood station only a short 500m* away
- Centrally located in the ‘heart’ of Chatswood, one of the fastest growing suburbs in Sydney
- Value Add Purchase for an In-coming purchaser, with a multitude of alternative uses
- Undersupply of Aged Care Facilities in the direct area, with 2020 also seeing Aged Care/Healthcare Assets outperforming traditional secure investment classes such as Office and Retail
- Prominent Signage Opportunity
- Significant Capital Funding into the Aged Care Sector by the Government
The property will be sold via In-room Auction on Tuesday 20 July commencing at 10:30am. The auction will be held at AuctionWORKS, Mezzanine Level, 50 Margaret Street, Sydney NSW 2000.
For further information or to arrange an inspection, please contact the exclusive agents below.
*Approx.
Savills in conjunction with Raine & Horne HM Group are pleased to offer for sale 2 Tessa Street, Chatswood. This modern three level vacant aged care facility sits on a dominant corner block and is surrounded by all major transport and retail amenity and various other exciting medical growth corridors.
The asset allows for a multitude of uses, with the ability to continue its use as an Aged Care Facility or residential redevelopment / subdivision (STCA) with existing R2 Zoning.
Opportunity Overview:
- Site Area: 1,547sq m*
- Significant Corner Freehold asset with Dual Street Frontage
- Approved GFA: 629.6sq m* & R2 Low Density Residential Zoning
- FSR: 0.4:1
- Close proximity to retail amenity and public transport with Chatswood station only a short 500m* away
- Centrally located in the ‘heart’ of Chatswood, one of the fastest growing suburbs in Sydney
- Value Add Purchase for an In-coming purchaser, with a multitude of alternative uses
- Undersupply of Aged Care Facilities in the direct area, with 2020 also seeing Aged Care/Healthcare Assets outperforming traditional secure investment classes such as Office and Retail
- Prominent Signage Opportunity
- Significant Capital Funding into the Aged Care Sector by the Government
The property will be sold via In-room Auction on Tuesday 20 July commencing at 10:30am. The auction will be held at AuctionWORKS, Mezzanine Level, 50 Margaret Street, Sydney NSW 2000.
For further information or to arrange an inspection, please contact the exclusive agents below.
*Approx.
Chatswood, 2067 demographic data
The median household income for Chatswood is $2,158, 4% higher than Greater Sydney's household income of $2,077. Chatswood has a similar age profile compared to the rest of Greater Sydney (median age 37). Property ownership data shows 41% of property owners in Chatswood have a mortgage.
25,553
Population
$2,158 per week
Median household income
37 years
Median age
Renters
Most residents
Families
Most households
Stone Real Estate - CROWS NESTSuite 101/70-76 Alexander Street
CROWS NEST, NSW 2065
CROWS NEST, NSW 2065
Contact Agency
Savills - Sydney CBDLevel 25, 1 Farrer Place
SYDNEY, NSW 2000
SYDNEY, NSW 2000