OFF MARKET

12-16 Capel Avenue
Capel Sound VIC 3940

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4337m2
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Last updated 14 Oct 2024
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Property Details for 12-16 Capel Ave, Capel Sound

12-16 Capel Ave, Capel Sound is a 0 bedroom, 0 bathroom Unit. The property has a land size of 4337m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
Unit
Land Size
4337m2
Local Government
Mornington Peninsula
Lot/Plan
2/LP147187

Last Listing description (June 2021)

Savills is delighted to offer for sale this prime residential aged care investment at 12-16 Capel Avenue, Capel Sound. This rare social infrastructure investment is underpinned by a brand new lease to a market leading aged care provider and is further supported by a large underlying landholding situated on the stunning Mornington Peninsula.

The key attributes of this premium property include:

High quality 58 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 $525,000 per annum + GST & Outgoings
Significant refurbishment completed in 2020
Land area of 4,290sq m*
General Residential 1 Zoning
Ideal Mornington Peninsula location just moments from Rosebud Plaza and Rosebud Hospital

*Approx.

This property is offered alongside 440 Station Street, Bonbeach with the ability to secure these aged care investments individually or together.

Sold.

Savills Agents:
Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 8883

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Property History for 12-16 Capel Ave, Capel Sound, VIC 3940

A timeline of how this property has performed in the market
Last Sold
$8,200,000
14 May 2021
  • 14 May 2021
    Sold for $8,200,000
  • 04 Mar 2021
    Listed for Sale Contact Agent
  • 10 Jun 2020
    Listed for Sale EOI Closed - Offers Under Review
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About Capel Sound 3940

The size of Capel Sound is approximately 4.7 square kilometres. It has 9 parks covering nearly 20.5% of total area. The population of Capel Sound in 2011 was 4,580 people. By 2016 the population was 4,947 showing a population growth of 8.0% in the area during that time. The predominant age group in Capel Sound is 80-89 years. Households in Capel Sound are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Capel Sound work in a trades occupation. In 2011, 58.2% of the homes in Capel Sound were owner-occupied compared with 57.9% in 2016.

Capel Sound has 4,193 properties. Over the last 5 years, Houses in Capel Sound have seen a 35.52% increase in median value, while Units have seen a 29.14% increase. As at 30 September 2024:

  • The median value for Houses in Capel Sound is $728,153 while the median value for Units is $610,135.
  • Houses have a median rent of $510 while Units have a median rent of $520.
There are currently 35 properties listed for sale, and 16 properties listed for rent in Capel sound on OnTheHouse. According to CoreLogic's data, 128 properties were sold in the past 12 months in Capel sound.

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