Wattletree Rd, Malvern

Healthcare

Yield

N/A

Purchase price

2,731,500

Strategy

Rent: $156,000 / 5% =$3,120,000.00 $3,120,000

Location

167 Wattletree Road, Malvern

An iconic land holding right near Cabrini Hospital. This property has main road frontage and development upside down the track due to its zoning and planning precinct that it falls under. The property passed into 1Group at auction. It was negotiated well below expectations with the expanding specialist to move from a leasing strategy to an owning strategy in a more customised space.  secured for 2,731,500, with the most recent comparable across the street selling for 3.5 million on only slightly better land, albeit with less development upside and heritage overlays which we did not have

Wattletree Rd, Malvern

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