6-8 Townsend Road,
St Albans Park, VIC 3219
Medical & Consulting • Hotel, Motel & Leisure • Development Sites & Land
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Map of 6-8 Townsend Road
Rare Opportunity - Fantastic Value!
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.
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.
St Albans Park, 3219 demographic data
The median household income for St Albans Park is $1,317, 5% lower than Regional Victoria's household income of $1,386. St Albans Park has an older age profile compared to the rest of Regional Victoria (median age 46 vs 43). Property ownership data shows 50% of property owners in St Albans Park have a mortgage.
4,942
Population
$1,317 per week
Median household income
46 years
Median age
Owners
Most residents
Families
Most households
03 5221 64...
6-8 Townsend Road
St Albans Park, VIC 3219
Geelong Residential - Geelong Region 5/240 Pakington Street
GEELONG WEST, VIC 3218
GEELONG WEST, VIC 3218
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