Clover Lea Aged Care (Listing Only)_Property for Sale

14 Claremont Road, Burwood Heights, NSW, 2136, AU

Clover Lea Aged Care (Listing Only)

Asset Description

JLL are pleased to present for sale Clover Lea Aged Care Home at 14 Claremont Road, Burwood Heights NSW. Clover Lea Aged Care Home is a purpose built, two level residential aged care facility positioned in the western Sydney suburb of Burwood Heights, some 11 kilometres west of the Sydney CBD. The facility provides 64 beds across a total Gross Floor Area of 1,500m², with fully furnished rooms, 24-hour care by registered nurses and a full kitchen catering service which consults with dieticians and speech pathologists to support residents’ clinical care.

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Attributes

Building area Gross

1,500 m²

Occupancy

100.00%

Year built

Media

Investment Highlights

Investment Highlights:

· Fully leased, 64-bed operational aged care home.

· Strong tenant covenant underpinned by a national brand - Hall & Prior.

· Long 12.7-year WALE offering significant income security - ‘set and forget’ investment.

· Established residential suburb in metropolitan Sydney.

· Development upside with 1,360m² of surplus land.

The asset is for sale via Expressions of Interest closing at 2pm (AEST) / 12pm (AWST) 18 May 2023.

Clover Lea Aged Care Home is available individually or as part of the ‘Long WALE Aged Care Portfolio’. The Portfolio includes 5 securely leased aged care facilities across NSW and WA, with a combined net income of $4.921 million*, a combined portfolio WALE of 12.9 years* and fully leased to national operator Hall & Prior.

The Portfolio includes:

· Grafton Aged Care Home - 12 Bent Street, South Grafton NSW

· Clover Lea Aged Care Home - 14 Claremont Road, Burwood Heights NSW

· Fairfield Aged Care Home - 125 The Crescent, Fairfield NSW

· Rockingham Aged Care Home - 14 Langley Street, Rockingham WA

· Hamersley Aged Care Home - 441 Rokeby Road, Subiaco WA

*Approximately as at 30 June 2023