This Supported Residential Service facility located in suburban Geelong, offers the astute investor a substantial real estate holding with a quality tenant and a first class return.

Situated on the corner of Townsend Road and Lucy Court, the property is approximately 3,578sqm in total area. It is zoned Residential 1 with a Design and Development Overlay Schedule 14.

The 1,256sqm building (approx.) accommodates 30 residential units with individual ensuites; a large communal lounge and dining room; a commercial grade kitchen with walk-in pantry and cool room; a second recreation/common room; a personal grooming room allocated for use by visiting hairdressers and beauticians; an on-site laundry and a large central court yard.

The building also houses a 2 bedroom managers unit and administration office.

With an income in excess of $180,000 per annum, the property is showing a yield of around 11%.

The property is registered under the Health Services Act 1988 to operate as a Supported Residential Service facility and offers temporary, respite and permanent care for the elderly in a clean, bright and professionally managed environment.

Quality properties of such substance are rare indeed and we would encourage you to give careful & serious, priority consideration to this significant property.