SOLD
Sold on 12 Jul 2024 for $4,950,000

440-441 Station Street
Bonbeach VIC 3196

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2932m2
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Property Details for 440-441 Station St, Bonbeach

440-441 Station St, Bonbeach is a 0 bedroom, 0 bathroom Unit. The property has a land size of 2932m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 0 bedroom Unit sold in Bonbeach in the last 12 months.

Building Type
Unit
Land Size
2932m2
Local Government
Kingston
Lot/Plan
1/TP858810

Last Listing description (November 2021)

Savills is delighted to offer for sale this premium residential aged care facility at 440 Station Street, Bonbeach. This major healthcare investment opportunity is a rare opportunity to invest in an essential Australian service, which is underpinned by a brand new lease to a blue-chip operator and in a prime bayside location.

The key attributes of this premium investment include:

High quality 65 bed aged care facility
Brand new 6 year lease with 3 x 4 year options to a wholly owned subsidiary of ASX listed Japara Ltd
Net rental of $600,000 per annum + GST & Outgoings
Significant refurbishment completed in 2018
Land area of 3,066sq m*
General Residential 2 Zoning
Prime position just 500m* from Bonbeach Beach and situated within Melbourne's prestigious bayside region

*Approx.

This property is offered alongside 12-16 Capel Avenue, Capel Sound with the ability to secure these aged care investments individually or together.

For Private Sale

Savills Agents:
Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888
Tanya Su - 0430 302 950

Property History for 440-441 Station St, Bonbeach, VIC 3196

A timeline of how this property has performed in the market
Last Sold
$4,950,000
12 Jul 2024
  • 12 Jul 2024
    Sold for $4,950,000
  • 04 Mar 2021
    Listed for Sale Contact Agent
  • 10 Jun 2020
    Listed for Sale EOI Closed - Offers Under Review
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About Bonbeach 3196

The size of Bonbeach is approximately 2.8 square kilometres. It has 8 parks covering nearly 31.7% of total area. The population of Bonbeach in 2011 was 5,733 people. By 2016 the population was 6,410 showing a population growth of 11.8% in the area during that time. The predominant age group in Bonbeach is 30-39 years. Households in Bonbeach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bonbeach work in a professional occupation. In 2011, 67.1% of the homes in Bonbeach were owner-occupied compared with 66.3% in 2016.

Bonbeach has 3,848 properties. Over the last 5 years, Houses in Bonbeach have seen a 19.79% increase in median value, while Units have seen a 19.40% increase. As at 31 October 2024:

  • The median value for Houses in Bonbeach is $1,102,710 while the median value for Units is $711,855.
  • Houses have a median rent of $745 while Units have a median rent of $560.
There are currently 26 properties listed for sale, and 8 properties listed for rent in Bonbeach on OnTheHouse. According to CoreLogic's data, 162 properties were sold in the past 12 months in Bonbeach.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.