12 Castlereagh StreetCarrum Downs VIC 3201
Property Details for 12 Castlereagh St, Carrum Downs
12 Castlereagh St, Carrum Downs is a 4 bedroom, 0 bathroom House and was built in 2001. The property has a land size of 230m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 4 bedroom House sold in Carrum Downs in the last 12 months.
Last Listing description (November 2023)
CBRE Australian Healthcare & Social Infrastructure is pleased to exclusively present for sale, 12 Castlereagh Street, Carrum Downs. The subject property is offered as part of the National NDIS Housing Portfolio, comprising seven (7) assets for sale individually or in-one line across Victoria and Canberra.
All assets are located within established residential locations with significant remaining tenure and notable underlying landholdings.
Bespoke construction and refurbishment across all homes has occurred with regular maintenance minimising immediate CAPEX expenditure.
With a 60% shortfall in disability housing as at Oct-2023, the demand for this essential service has never been greater with the strength of long-term demand prospects unquestionable.
+ Valuable NDIS compliant improvements of 230 sqm* with recent CAPEX expenditure to ensure minimal long-term maintenance costs
+ Land rich opportunity with a notable underlying landholding of 610sqm*
+ Leased to ACARES (Subsidiary of Zenitas Healthcare) leading Australian provider of disability, aged care, and health services and owned by a notable consortium of private equity capital
+ Annual income of $73,191 pa* plus outgoings with fixed annual 3.5% increases
+ Ten (10) year lease term plus two (2) further ten (10) year options to 2051
LOCATION
+ 77% of Victorian Disability Accommodation participants live within the City of Frankston (source: ndis.gov.au)
+ High density residential area within immediate proximity to key essential services and amenities such as Skye Medical Centre (250m*) and Carrum Downs Regional Shopping Mall (1km*)
+ Well connected to public transport with multiple bus stops plus positioned 2.7km* from the Peninsula Link, connecting to major Melbourne arterial roadways
+ High growth median house price location with Carrum Downs having seen a 107% increase in past 10 years (currently $750,000)
+ Essential shopping services include Woolworths, Kmart, Priceline Pharmacy, as well as restaurants & cafs, complimented with ample parklands
FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING Thursday 23rd November 2023 at 2:00pm (AEST)
For further information, contact the exclusive sales agents
Marcello Caspani-Muto
+61 417 065 777
Sandro Peluso
+61 418 389 757
Jimmy Tat
+61 439 399 118
*approx.
Property History for 12 Castlereagh St, Carrum Downs, VIC 3201
- 19 Mar 2024Sold for $841,000
- 27 Oct 2023Listed for Sale Contact Agent
- 11 May 2006Sold for $330,000
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About Carrum Downs 3201
The size of Carrum Downs is approximately 20.2 square kilometres. It has 46 parks covering nearly 3.6% of total area. The population of Carrum Downs in 2011 was 19,122 people. By 2016 the population was 20,723 showing a population growth of 8.4% in the area during that time. The predominant age group in Carrum Downs is 30-39 years. Households in Carrum Downs are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Carrum Downs work in a trades occupation. In 2011, 70.5% of the homes in Carrum Downs were owner-occupied compared with 67.9% in 2016.
Carrum Downs has 12,497 properties.
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