Westpeak Residential Services, 1-5 Summit Avenue,
Belmont, VIC 3216
Medical & Consulting • Other
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Westpeak Residential Services, 1-5 Summit Avenue
Belmont, VIC 3216
Map of Westpeak Residential Services, 1-5 Summit Avenue
Established Supported Residential Service Facility
- Renewed 10 Year Lease
- Fixed 3% Annual Increases
- High Profile 2,861 sqm site
+Renewed 10 year lease to Feb 2032, plus option to 2037.
+Westpeak Residential Services: A trusted Supported Residential Service (SRS) provider across Geelong and Melbourne supporting individuals who are aged or have disabilities and providing full-time accommodation. Registered with Department of Health and Human Services (DHHS).
+Provides accommodation for a maximum of 42 residents in single and twin share configurations (37 rooms).
+Fixed 3% annual rent increases, assuring growth.
+Large 2,681* sqm site with dual frontage to Summit Street & Davis Street.
+Tenant pays all usual outgoings as per the lease.
+High profile location with easy access to the site from the Princes Hwy which services on average 28,000 vehicles per day.
+Surrounded by important social infrastructure including 19 primary and secondary schools, servicing a combined 6,275 full-time students (within 3km radius).
+Positioned within close proximity to Waurn Ponds Shopping Centre underpinned by Coles, Woolworths and 122 speciality stores in addition to the Epworth Hospital Geelong.
+Central position within the Greater Geelong region with the population forecasted to grow to 393,216 by 2041 (increase of 46.19%).
+Net Income: $232,974* pa + GST.
To be sold by Private Sale
*approx
+Westpeak Residential Services: A trusted Supported Residential Service (SRS) provider across Geelong and Melbourne supporting individuals who are aged or have disabilities and providing full-time accommodation. Registered with Department of Health and Human Services (DHHS).
+Provides accommodation for a maximum of 42 residents in single and twin share configurations (37 rooms).
+Fixed 3% annual rent increases, assuring growth.
+Large 2,681* sqm site with dual frontage to Summit Street & Davis Street.
+Tenant pays all usual outgoings as per the lease.
+High profile location with easy access to the site from the Princes Hwy which services on average 28,000 vehicles per day.
+Surrounded by important social infrastructure including 19 primary and secondary schools, servicing a combined 6,275 full-time students (within 3km radius).
+Positioned within close proximity to Waurn Ponds Shopping Centre underpinned by Coles, Woolworths and 122 speciality stores in addition to the Epworth Hospital Geelong.
+Central position within the Greater Geelong region with the population forecasted to grow to 393,216 by 2041 (increase of 46.19%).
+Net Income: $232,974* pa + GST.
To be sold by Private Sale
*approx
Property ID: 504077319Last Updated: 1 Aug 2023
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from Burgess Rawson - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
322-328 High Street,Belmont, VIC 3216 1 m²Medical & Consulting • Shops & Retail • Other
Contact Agent
HEI Schools, 1-3 Ghazeepore Road,Waurn Ponds, VIC 3216 1123 m²Medical & Consulting • Shops & Retail
Contact Agent
Tristar Medical Group, 284 Torquay Road,Grovedale, VIC 3216 912 m²Medical & Consulting • Shops & Retail