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Westpeak Residential Services, 1-5 Summit Avenue, Belmont, Vic 3216

Westpeak Residential Services, 1-5 Summit Avenue, Belmont, Vic 3216

Medical/Consulting Other

  • Sold Contact Agent
  • Wed 02-Nov-22

Established Supported Residential Service Facility

  • Renewed 10 Year Lease
  • Fixed 3% Annual Increases
  • High Profile 2,861 sqm site

  • Land Area
  • 2861.00 m² (approx)
  • Floor Area
  • 1,320 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Dec 05, 2022

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street

Melbourne Vic 3000

Matthew Wright, Burgess Rawson - Melbourne
Matthew Wright
Raoul Holderhead, Burgess Rawson - Melbourne
Raoul Holderhead
Justin Kramersh, Burgess Rawson - Melbourne
Justin Kramersh

Established Supported Residential Service Facility

+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

Westpeak Residential Services, 1-5 Summit Avenue, Belmont, Vic 3216

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